Business StandardCenter·
Govt defends GDP estimates, says revisions reflect data, not growth boost
The statistics ministry on Wednesday defended the methodology behind its newly released economic growth estimates, saying revisions to last year's GDP and the divergence between different price measures reflect updated data and estimation techniques rather than an attempt to artificially boost headline growth. The clarification came two days after the government released an updated series of annual and quarterly GDP estimates with 2022-23 as the base year, incorporating a new Producer Price Ind…
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