Economy
Controversy Surrounds India's 7.8% June Quarter GDP Growth Data

Controversy Surrounds India's 7.8% June Quarter GDP Growth Data

CNBC1h
THE BRIEF
1

India's reported 7.8% GDP growth for the June quarter has triggered a heated debate among economists and political leaders regarding calculation methodology.

2

World Bank Executive Director Neelkanth Mishra defended the figures, dismissing criticism as 'egregiously wrong' while opposition parties demanded transparency.

3

The government's revision of the ₹43 lakh-crore GDP data has led to calls for a detailed explanation of the statistical models used by the Ministry of Statistics.