Economist questions India's 7.8% GDP growth figures
Economist Rajeswari Sengupta has expressed doubts regarding India's 7.8% GDP expansion, noting that it occurred alongside increased costs for imports, as well as rising government, investment, and consumer spending. She advised that these quarterly figures should be viewed with skepticism, as tracking data from the gig economy, services sector, and informal businesses remains a challenge. Additionally, Sengupta called for more transparency regarding the methodologies, data origins, and price adjustments used in the updated GDP series.
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