Supportive
India’s ‘missing’ trillions in nominal GDP are not a mystery but the result of a statistical upgrade
The author addresses concerns over India's GDP data, explaining revisions are normal due to new methodologies and base-year changes. Large downward nominal GDP revisions, especially in informal trade, are attributed to granular mapping, while real GDP saw upward revisions. The article defends the deflator and highlights 7.8% growth aligns with robust indicators and investment trends. It critiques selective interpretation, advocating evidence-driven narratives. The debate should prioritize direction, composition, methodology, and consistency, not merely revision size.
LiveMint · Soumya Kanti Ghosh · Sep 14, 2026 at 8:30 AM