Economy · India
India's Q1 GDP Growth of 7.8% Sparks Debate on Calculation Methods
India's economy grew by 7.8% in the first quarter of the fiscal year, making it the fastest-growing major economy. This figure has been defended by the government, which rejected claims that the actual growth was as low as 2.6%. Officials stated that comparing nominal growth of 2.6% with the 7.8% GDP figure is misleading. Experts and some political figures have questioned the methodology used to arrive at the 7.8% figure, with one former finance secretary standing by his calculation of growth below 2.5% at current prices. The government's defense involved an analogy, stating that one should compare apples to apples. The growth data was discussed by officials at international forums, including at Nasdaq.
How outlets across the spectrum covered it
L 2 C 10 R 2
- Left (2): National Herald, The Telegraph (India)
- Centre (10 votes, 13 outlets): Business Standard, Business Today, DNA (Daily News & Analysis), Greater Kashmir, Hindustan (Hindi) · Hindustan Times · Mint (HT Media — 1 vote), NDTV, The Economic Times · The Times of India (Times Group — 1 vote), The Financial Express, The Hindu BusinessLine, The Tribune
- Right (2 votes, 3 outlets): Aaj Tak · India Today (India Today Group — 1 vote), The Pioneer
- International (1): BBC News