SBI economist Soumya Kanti Ghosh says some claims about India’s GDP growth are misleading because they rely on comparisons drawn from older data series rather than the revised figures. She highlights that analysts should compare like-for-like across the same updated series.
Ghosh points to a specific example: she says the latest quarter’s GDP is Rs 88.3 lakh crore, while the revised GDP for the corresponding quarter a year earlier is Rs 80.4 lakh crore. She argues that using an older, unrevised baseline can distort the implied growth rate.
The outlets covering her comments focus on clarifying the correct method for estimating growth after revisions, rather than debating whether GDP grew overall. The emphasis is on data alignment—ensuring the current quarter figure and the year-ago quarter figure come from the same revised series—so that growth calculations are consistent.
