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GDP data revision: Govt says it's revised base, not baseless
India's statistics ministry defended its latest GDP growth figures. The ministry cited improved data sources and methodologies for the estimates. It explained the GDP deflator differs from retail and wholesale inflation measures. Revisions to GDP data are a normal part of economic accounting. The government stressed the new GDP series better reflects economic activity.
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economictimes.indiatimes.com
Why was ₹6 lakh crore shaved off last year’s GDP? Govt explains the numbers
The government clarified GDP revisions are due to series changes and improved data. Last year's GDP estimate was adjusted after a new base year was introduced. Manufacturing's…
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yourstory.com
Govt defends new GDP estimates, says revisions reflect data upgrades, not higher growth by design
The government has brought in new producer price index, banking services price index and additional administrative data.
