India Economy Thread

[GatlingGunZ]

You guys gonna stop fudging the GDP in India then. IMF wasn't happy at all.

You must be living in 2025. Keep yourself updated.

Better data, sharper accuracy: IMF applauds India’s new GDP calculation framework - BusinessToday

Better data, sharper accuracy: IMF applauds India’s new GDP calculation framework - BusinessToday

The endorsement follows the inclusion of updated Index of Industrial Production (IIP) and Producer Price Index (PPI) series in the latest national accounts release, addressing ongoing global debates surrounding the credibility of India's growth metrics.

www.businesstoday.in

 

[GatlingGunZ]

The Rs 19,000+ crore Talcher Fertiliser(TFL) Project in Odisha is finally making significant progress.

Once operational, it will be India’s first coal-gasification-based urea plant, producing 1.27 million tonnes of urea annually.

The project is now 72.97% complete, with Dec.....

 

[Thinking_Hard]

You must be living in 2025. Keep yourself updated.

Better data, sharper accuracy: IMF applauds India’s new GDP calculation framework - BusinessToday

Better data, sharper accuracy: IMF applauds India’s new GDP calculation framework - BusinessToday

The endorsement follows the inclusion of updated Index of Industrial Production (IIP) and Producer Price Index (PPI) series in the latest national accounts release, addressing ongoing global debates surrounding the credibility of India's growth metrics.

www.businesstoday.in

Oh no, we need to figure out new ways to be shameless!

I know, IMF is too stupid to catch fake data!

 

[Vikramaditya1]

You guys gonna stop fudging the GDP in India then. IMF wasn't happy at all.

It's a sad cope at this point.

 

[poetess]

You must be living in 2025. Keep yourself updated.

Better data, sharper accuracy: IMF applauds India’s new GDP calculation framework - BusinessToday

Better data, sharper accuracy: IMF applauds India’s new GDP calculation framework - BusinessToday

The endorsement follows the inclusion of updated Index of Industrial Production (IIP) and Producer Price Index (PPI) series in the latest national accounts release, addressing ongoing global debates surrounding the credibility of India's growth metrics.

www.businesstoday.in

I do keep myself updated. So you admit the IMF was waving its arms over the fact India couldn't do basic mathematics. Still...

 

[GatlingGunZ]

I do keep myself updated. So you admit the IMF was waving its arms over the fact India couldn't do basic mathematics. Still...

Niha Masih still salty despite IMF approval.
If calculating GDP of a rapidly advancing and digitalising economy which changes economic sector every year is basic mathematics for you, then you must be a some highly advance A.I. , which I seriously doubt.

 

[Thinking_Hard]

I do keep myself updated. So you admit the IMF was waving its arms over the fact India couldn't do basic mathematics. Still...

Exactly...Now all speculation can rest.

 

[NeptunesVortex]

The striking part is that India is being put into that sentence by an ASML executive alongside the US and China.

 

[poetess]

Niha Masih still salty despite IMF approval.
If calculating GDP of a rapidly advancing and digitalising economy which changes economic sector every year is basic mathematics for you, then you must be a some highly advance A.I. , which I seriously doubt.

“The ‘basic mathematics’ remark was sarcasm, obviously. But apparently the sarcasm has caused you to miss the actual point. The IMF didn't criticise India's ability to perform arithmetic; it criticised the methodology being used to produce the GDP figures — including the outdated 2011–12 base year, extensive single deflation and discrepancies between production and expenditure estimates.
Indeed, India subsequently replaced the 2011–12 GDP series with a 2022–23 base and introduced methodological changes. So your argument about a rapidly changing economy rather conveniently demonstrates why the methodology matters.
You responded to the joke. I'm discussing the statistics.”

 

[GatlingGunZ]

“The ‘basic mathematics’ remark was sarcasm, obviously. But apparently the sarcasm has caused you to miss the actual point. The IMF didn't criticise India's ability to perform arithmetic; it criticised the methodology being used to produce the GDP figures — including the outdated 2011–12 base year, extensive single deflation and discrepancies between production and expenditure estimates.
Indeed, India subsequently replaced the 2011–12 GDP series with a 2022–23 base and introduced methodological changes. So your argument about a rapidly changing economy rather conveniently demonstrates why the methodology matters.
You responded to the joke. I'm discussing the statistics.”

India already corrected that discrepancy by applying retrospective double deflator for 2011-23 and reduced its GDP by 3.5% earlier this year.
So I don't know what are you harping about ? India Happy. IMF Happy ,but You and some other Jurnos with agenda not Happy.