Under the lens
Do you trust – or distrust – the GDP estimates?
iStock
Synopsis
GDP estimates suggest a slowdown. Even so, the full year growth rate will be a toss-up with three more months to go.
Suddenly, there’s a surge in the credibility of the Indian government-released statistics. Doubting Thomases who would dig deep into the Parliament-approved accounts to find discrepancies in it are unquestioningly embracing the latest GDP estimates released by the much-maligned Central Statistical Organisation, thanks to the dull picture it’s painting. The CSO forecasts real GDP growth for this fiscal at 6.4%, from 8.2% a year ago, and lower
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