Congress questions ₹43 lakh-crore GDP revision, asks Centre to explain methodology
Congress general secretary Jairam Ramesh asks why GDP estimates for all four years since 2022-23 have been revised substantially downwards
The Congress party has raised concerns over the significant downward revision of ₹43 lakh crore in India's GDP estimates over the past four years, questioning the methodology used in the calculations. Congress general secretary (communications) Jairam Ramesh has questioned why the GDP estimates for all four years since 2022-23 have been revised substantially downwards, and why the deflator used for calculating real GDP appears to understate the impact of inflation.
He has also cited calculations by former Finance Secretary Subhash Chandra Garg, which suggest that nominal growth in the latest quarter would have been closer to 2.6% instead of the reported 10.3%.
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