Indian GDP data barely covers half the transactions or level of economic activity in the country. For example, what happens to the Indian GDP growth rate when the price of imported crude oil increases? Mr Subramanian, Mr Sen told The Hindu, was not comparing like with like. In truthHere’s a hard fact: Indian GDP data barely covers half the transactions or level of economic activity in the country. The other thing is about methodology of which there are two – GDP at factor cost and GDP at market prices.

Source: The Telegraph June 13, 2019 03:22 UTC