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Base Year 2022 23

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Centre defends GDP methodology with FAQs amid 7.8% growth questions
business1 month ago

Centre defends GDP methodology with FAQs amid 7.8% growth questions

Centre releases FAQs clarifying the GDP estimates after opposition questions the 7.8% Q1 FY27 growth, explaining the double-deflation method, GDP deflator vs CPI/WPI, and base-year revisions with new data sources; says revisions reflect methodology, not manipulation, with RBI projecting 6.7% for FY27 and next quarterly data due later.