Is India Lying About Its World Beating Economy? Asks Economist Derek Scissors

The back series – the necessary base for calculations of ongoing GDP growth – has not been published more than 2 years later. Technically, we do not know India’s GDP…

The back series – the necessary base for calculations of ongoing GDP growth – has not been published more than 2 years later. Technically, we do not know India’s GDP in 2010, or anytime earlier.The back series was first to be published December 2015, then mid-2016, and now has no apparent due date and will not be complete.
The “globally accepted” new approach therefore makes it impossible to assess India’s GDP trajectory, potentially important information for a country aspiring to rapid development.
Source: Is India Lying About Its World Beating Economy? – Barron’s

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