Topic
chief economic advisor
Business India Does Not Use Methodology Changes to Inflate Growth Numbers, CEA Nageswaran Defends GDP Data
Chief Economic Adviser V Anantha Nageswaran has defended India's GDP data, stating that the country does not use methodology or base-year changes to artificially inflate economic growth figures. In an ANI interview, he said GDP is an estimate, and India actually lowered its GDP figure after a recent rebasing exercise, contrary to many other nations. He also noted that international institutions like the IMF have only questioned methodology, not reliability, and that criticism often stems from unmet expectations.
Business India Eyes 7% Growth by FY28 Amid Economic Challenges
India's Chief Economic Adviser, V Anantha Nageswaran, projects a return to 7% GDP growth by FY28, contingent on macroeconomic stability and improved external conditions. This optimistic outlook follows the Reserve Bank of India's revised forecast of 6.6% growth for FY27.