‘Shocked' Neelkanth Mishra hits back at GDP critics
Neelkanth Mishra, an economist, defended India's latest GDP growth number against claims that it was inflated by the revision of national accounts. Mishra, now an executive director at the World Bank, dismissed such arguments as "ill-educated and egregiously wrong." He pointed to fading fiscal headwinds and improving credit growth as tailwinds bolstering the economy. Mishra suggested that consensus estimates for India's trend growth rate could exceed 7%.
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