Government releases FAQ to explain methodology behind 7.8% GDP growth claim
India's statistics ministry issued a detailed FAQ to address opposition doubts over the 7.8% real GDP rise reported for the April-June quarter.
In New Delhi, the Ministry of Statistics and Programme Implementation released a comprehensive FAQ to explain the calculations behind India's reported 7.8% real GDP growth in the April-June quarter. The document outlines concepts such as double deflation, implicit deflators, and the distinction between the GDP deflator, CPI and WPI, as well as reasons for gaps between nominal and real GVA in sectors like manufacturing and mining.
It counters Congress accusations that a downward revision of last year’s nominal GDP was intended to boost the current growth rate, stating the changes reflect a shift to the 2022-23 base year, new data sources and refined indicators. The ministry also clarified that the statistical discrepancy between production and expenditure approaches is a balancing item and does not imply misstatement of GDP. RBI forecasts full-year FY27 growth at 6.7%, and the next quarterly estimate is due on November 30, 2026.
Why it matters
Understanding the GDP methodology helps gauge the reliability of India's growth figures and informs investors and policymakers.
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