Defending the credibility of India’s GDP statistics, Chief Economic Adviser V Anantha Nageswaran has said that the country does not use revisions in methodology or base years to artificially boost economic growth figures.In an interview with news agency ANI, Nageswaran responded to concerns raised by some economists over India’s GDP
Defending the credibility of India’s GDP statistics, Chief Economic Adviser V Anantha Nageswaran has said that the country does not use revisions in methodology or base years to artificially boost economic growth figures.In an interview with news agency ANI, Nageswaran responded to concerns raised by some economists over India’s GDP estimates, saying GDP measurement is an estimate in every country and that India follows internationally accepted statistical practices.“GDP is an estimate. No country can pretend that they have an accurate way of measuring the GDP,” he said.Nageswaran argued that India’s recent GDP rebasing exercise itself demonstrates that the government is not attempting to inflate economic output through statistical revisions.“If they had said Indian GDP was no longer 354 lakh crores but 384 lakh crores, people would have accepted that. That is what many
