Fuzzy Numbers: What India's Latest GDP Figures Reveal About Data Transparency The recent release of FAQs by the Centre regarding the methodology behind India's latest GDP estimates has sparked a necessary debate about data transparency in economic policymaking.
The opposition had raised questions over the credibility of the 7. 8% growth recorded in the April June quarter, and it is heartening to see the government taking steps to clarify their calculations.
The use of double deflation in calculating real GDP has been a contentious issue.