India, Sept. 10 -- The Indian economy is both celebrating and debating between figures of 7.8 per cent and 2.6 per cent as the latest quarter's GDP growth rate. The proponents of the promising number are explaining the statistical credibility of data-crunching techniques, with changes in methodology and the adoption of a new GDP series with 2022-23 as the base year. Not to forget, the IMF handed India a 'C' grade for its macroeconomic tracking metrics in late 2025 due to inconsistencies in base-year calculations. The focal point of the entire economic conversation gets reduced to whether one provisional and not even permanent number is right or wrong. Fascinating short-term figures are no testament to economic transformation.

India's asp...