World Bank Executive Director Neelkanth Mishra dismissed criticisms regarding India's GDP growth calculations as incorrect and stated that economic growth remains strong.
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Neelkanth Mishra
3 quotes“I was shocked to see the ill-educated and egregiously wrong claims made by some that if the 'original' base of June-2025 quarter was used, growth in the June-2026 quarter would be much lower”
“I was shocked to see the ill-educated and egregiously wrong claims made by some that if the 'original' base of June-2025 quarter was used, growth in the June-2026 quarter would be much lower”
“As expected, with the fiscal headwinds fading and monetary headwinds (falling credit growth till 1HFY26) becoming tailwinds (credit growth accelerating), GDP growth is surprising on the upside, and should help push up consensus trend-growth estimates to 7 per cent-plus.”
Subhash Chandra Garg
1 quote“India's Q1 GDP growth would have stood at a mere 2.6% in nominal terms and close to zero in real terms had the previous year’s GDP numbers not been revised.”
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Sources2
All filed from IndiaNamed India · Axis Bank · India · Japan Credit Rating Agency · Ministry of Statistics and Programme Implementation · Neelkanth Mishra · Piyush Goyal · S C Garg · Subhash Chandra Garg · World Bank
- [1]MintsupportiveNeelkanth Mishra defends GDP data, calls criticism ‘egregiously wrong’
- [2]Hindustan Timesdefensive‘Ill-educated, egregiously wrong’: World Bank ED Mishra on row over GDP data, says growth on the upside