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India’s 7.8% Growth Has an Unanswered Question
India’s latest GDP numbers show the economy growing at 7.8%, but how much confidence should we place in that figure? In this episode of How India’s Economy Works, Puja Mehra speaks with economist Rajeswari Sengupta about the complexities of measuring India’s GDP, the latest base-year revision and the methodological changes behind the new estimates.
Sengupta explains why India’s large informal economy, limited data, rapid structural change and the absence of comprehensive income data make GDP estimation particularly challenging. She also breaks down the shift from single deflation to double…
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