Taken at face value, India will post robust quarterly growth figures on Monday, but changes in the way the economy is measured has left analysts and the government's own chief economic advisor doubting how far the data can be trusted. Just over a week ago, everyone was working under the assumption that India was still struggling to gather momentum under Prime Minister Narendra Modi's reform-minded government. Prior to Modi's election in May, the economy had endured its weakest phase of growth since the mid-1980s. Then India's statisticians re-worked the ...
India's economy seen rising through fog of data
Govt's move to measure GDP by market prices has left analysts wary of the data
Reuters |
First Published: Mon, February 09 2015. 08:00 IST
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