{
  "id": 5168697,
  "title": "GDP data revision: Govt says it's not baseless",
  "url": "https://urgent.news/2026/09/02/gdp-data-revision-govt-says-its-not-baseless",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T19:45:44.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/economy/indicators/gdp-data-revision-govt-says-its-revised-base-not-baseless/articleshow/133719320.cms"
  },
  "original_language": "en",
  "account": "The statistics ministry maintained that India's latest GDP estimates, showing 7.8% growth for the April-June quarter, were not baseless despite criticism. Critics argued the growth was inflated due to a downward revision in GDP for the April-June quarter of fiscal 2026 and a low GDP deflator of 2.5% amid high inflation rates. However, the ministry defended the figures, pointing to changes in the accounting base year, improved data sources and methodologies, and a broader coverage of items in price calculations. These factors, they said, better reflected the economic activity. The ministry also noted that the 2.5% GDP deflator, used to convert GDP numbers, does not necessarily align with retail or wholesale inflation measures due to differing coverage and weights.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}