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Current Indian government has started playing with numbers, it can backfire. Below article mentions some not-so good numbers. http://www.firstpost.com/business
by allpratik 11y ago
Current Indian government has started playing with numbers, it can backfire.
Below article mentions some not-so good numbers.
http://www.firstpost.com/business/11-reasons-why-india-growing-at-7-4-is-simply-not-believable-2527766.html http://www.firstpost.com/business/11-reasons-why-india-growi...
- npalli 11y agoI don't know if the govt. is massaging numbers, but the very first 'problem with GDP' in the list makes no sense. GDP is calculated on net exports (exports - imports). So to evaluate the increase or decrease in GDP you need to know what happened on the imports side. India is massive energy and commodity importer, and energy has more than halved in price over last year. Without knowing how much the imports have fallen how can you assert its impact on GDP. Given india imports commodities and exports finished products it would not be surprising if the actual GDP rose (net exports).