Reality Check: India Is Portraying Its GDP At 7.9% But Figures Don't Match
1. The low growth rates across important sectors which contribute significantly to the GDP of India like agriculture and industrial growth.
2. The ‘discrepancies’ as a percentage of total GDP is alarmingly high. In the latest GDP numbers, discrepancies as a percentage of total GDP is 51% i.e if discrepancies are removed from the GDP the actual GDP would come down to 3.9 %.
So what are ‘discrepancies’?
Why doesn’t the numbers add up?
The growth in these sectors largely determines the GDP growth, so let us look at the growth numbers for these sectors
Questions to ponder