Why India’s economic data has sparked a furore
India’s statistical system once commanded respect, and its data on economic and social indicators was considered rigorous – that appears to have erodedThere isn’t much that we Indians agree on these days. GDP numbers are no exception. Last week, India released glowing GDP numbers for the latest quarter – 7.8% growth – higher than the forecast 7%. It sparked a furore.Subhash Garg, a former finance secretary under Narendra Modi’s government and now a critic, reframed what Modi called a “herculean…
Source: www.theguardian.com