India’s June Quarter GDP Print Is Courting Controversy. Here’s Why
Subhash Garg says the official growth rate was inflated by revised GDP calculations, while the State Bank of India defended the 7.8% figure.
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9 Articles
Confused by India's GDP debate? Your guide to deflators, GVA and all that jargon
Subhash Chandra Garg questioned whether 7.8% tells the full story. The government pushed back, economists weighed in and the GDP jargon went into overdrive. In this article, we explain what it all actually means.
New Delhi: Congress economist Montek Singh Ahluwalia has backed India's claim that the GDP grew by 7.8% in the first quarter of the 2026-27 financial year, from April to June. Montek Singh Ahluwalia has rejected former Finance Secretary Subhash Chandra Garg's finding that India's actual GDP growth during the period was only 2.6%. With this, the Congress conspiracy to tarnish the image of the Modi government's economic achievements has failed. Co…
The government's figures showing India's GDP growth of 7.8% in the April-June quarter have sparked a huge debate. However, the opposition has come forward alleging that the actual growth was only 2.6% and that the figures have been manipulated.| india q1 gdp growth data controversy congress subhash chandra garg
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