Watch | IMF Gives 'C' Grade For India's GDP Data
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In its annual review, the International Monetary Fund has given India’s GDP data a C grade. This means India’s data is not considered reliable and there are shortcomings in the available numbers because of which it is difficult to form an accurate picture of the Indian economy.
This video features a conversation with The Wire's founding editor M.K. Venu, an expert on economic affairs, to understand what exactly is wrong with India’s official data. Why is it that every time any official data has been released during Narendra Modi’s government, economists have raised questions about it? Why are there question marks over all indicators – unemployment, poverty, and surveys like the Consumer Expenditure Survey?
Is the government manipulating numbers to hide the harsh reality of India’s weakened economic condition?
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