'Wrong to Assess Economic Activity on GDP Alone': Finance Ministry Defends Data, Calls Out Critics - News18
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Curated By : Saurabh Verma Last Updated: September 15, 2023, 23:18 IST The ministry further said critics want to latch on to anything that does not paint the Indian economy in a good light. (File: Finance Ministry) India’s gross domestic product (GDP) grew at four-quarter high of 7.8 per cent y-o-y during the April-June 2023 quarter (Q1 FY24) as compared with the 6.1 per cent growth registered in the preceding quarter ended March 2023
Amid criticism by certain sections on India’s GDP data, the Ministry of Finance on Friday said it is wrong to look at the underlying economic activity based on GDP indicators alone. India’s gross domestic product (GDP) grew at four-quarter high of 7.8 per cent y-o-y during the April-June 2023 quarter (Q1 FY24) as compared with the 6.1 per cent growth registered in the preceding quarter ended March 2023, according to the latest official data released last month. The Finance Ministry said Indian GDP data are not seasonally adjusted, and the