Tuesday, March 18, 2025 | 01:37 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

India's GDP brawl could hurt Modi politically and prevent a rupee reset

Slapping a note on a published report saying figures aren't final and should "not be quoted anywhere" - after they've been quoted everywhere - only helped highlight the government's embarrassment

modi on independence day
Premium

Andy Mukherjee | Bloomberg
Just as some analysts were starting to believe in a reset for the Indian rupee, with the government becoming more relaxed about letting it weaken, history got in the way.

The history in question is past GDP data, which haven’t been officially released after India reworked its calculation methodology in early 2015. But the report of a subcommittee tasked to suggest ways to link the old and the new GDP series was recently made public. The panel’s calculations suggest growth averaged a tad above 8 per cent in the 10 years through fiscal 2014, compared with 7.4 per cent since then.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in