India’s statistics may have been painting a far rosier picture of economic growth than the more modest reality of the past decade. Rather than deflate input values by input prices, the new methodology deflated these values by output prices, which could have overstated manufacturing growth. The latest study throws more doubt over India’s economic statistics. A growing number of critics have questioned India’s high growth estimates under Prime Minister Narendra Modi’s government. The most recent data shows India’s growth slowed to a five-year low in the first three months of the year.

Source: Mint June 11, 2019 07:18 UTC