Economy
IMF backs India's updated GDP calculation methodology as welcome development
The Hindu1h
THE BRIEF
1
The IMF stated that India's updated GDP calculation methodology aligns with best practices and matches advice given by its statistics department.
2
Krishna Srinivasan, Director of the IMF's Asia and Pacific Department, praised MoSPI's work on improving GDP statistics while noting that exchange rate pressures reflect global factors.
3
The endorsement follows recent political debates in India regarding robust June quarter growth figures and base year revisions.