Why was ₹6 lakh crore shaved off last year’s GDP? Govt explains the numbers
The government clarified GDP revisions are due to series changes and improved data. Last year's GDP estimate was adjusted after a new base year was introduced. Manufacturing's negative inflation reflects separate input and output price deflation. GDP inflation differs from CPI and WPI as it covers the entire economy. Private consumption expenditure calculations do not directly use double…
On Wednesday, the government dismissed claims that it intentionally reduced India's GDP figures from ₹86 lakh crore to ₹80 lakh crore to make the growth rate appear better. The government stated that the difference is due to revisions in the GDP series, better data, and successive adjustments. The government rejected the idea that the lower ₹86.05 lakh crore estimate should be compared to the new Q1 FY27 estimate, as they are calculated using different base years.
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