India's Q2 GDP growth of 7.8% sparks controversy, with former finance secretary alleging data overstatement.
India's economy grew by 7.8% in the June quarter, exceeding expectations, but former Finance Secretary Subhash Chandra Garg accused the data of being artificially inflated by compressing the previous year's corresponding figures. Garg claimed that the GDP for the April-June 2025 quarter (at current prices) was lowered by 6 trillion rupees (approximately $63.5 billion) in the latest data, making the year-on-year figures for the latest quarter appear more favorable. India's Chief Economic Advisor V Anantha Nageshwaran refuted this claim, calling it "out of context" and explaining that the latest GDP data was compiled based on a new benchmark for the fiscal year ending March 2023, and the change in methodology led to revisions in last year's quarterly data. India's Commerce Minister Piyush Goyal responded by stating that India's 7.8% growth is "realistic."
Source:CNBC头条 · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
HTX (Huobi) Exchange Plagued by Controversy: An In-depth Analysis of its Strengths, Weaknesses, and Challenges
-
2
VV Token Trading Guide: Understanding Virtual Versions (VV) and How to Buy It
-
3
DOME Coin Value Analysis: Everdome (Hum(AI)n Web3) Ecosystem and Investment Considerations
-
4
How does Bitcoin achieve a constant total supply and scarcity?
-
5
Celo Euro (CEUR) Stablecoin: Value, Risks, and Investment Considerations
-
6
What is TWT? An In-depth Analysis of Trust Wallet Token's Value and Prospects
-
7
ROTTO Coin Analysis: Project Status, Tokenomics, and Market Performance
-
8
TOON Coin: Disambiguation of Pontoon, ToON, Tooncinator, and TooNFT Projects, Analysis and Trading Status
-
9
What is RDT Coin? An Analysis of the Ridotto Project and its Token Status
-
10
DOGE-1 Token Purchase and Trading Guide: Analyzing Multi-Chain Versions and Listing Platforms
Markets Today
Recommended Reading












