GDP data row: What is Base Year, how is it revised and why has it raised a political storm? | Explained
Mint Explainer, Sept. 4 -- The Congress party has questioned the government's claim that India's economy grew by 7.8 per cent in the April-June 2026 quarter, raising concerns over revisions to previous years' GDP figures, inflation estimates and the performance of manufacturing and private consumption.
In a statement released on Thursday, Congress General Secretary (communications) Jairam Ramesh on argued that a closer examination of the numbers raised questions about the basis of the calculation.
The real annual GDP growth for FY 2025-26 is estimated at 7.6%, higher than the 7.1% recorded in FY 2024-25, while nominal GDP, measured at current prices, is projected to grow by 8.6% during FY 2025-26, the data released by the Ministry of St...
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