The International Monetary Fund (IMF) backs India’s revised GDP calculation methodology, saying the updated approach aligns with international standards and the IMF’s own advice to the country. In comments attributed to Krishna Srinivasan, IMF Director for the Asia and Pacific Department, the IMF describes the changes as consistent with “good practices” and a “welcome development,” while referencing guidance from the IMF’s statistics department.
India’s data revamp includes updating the GDP series and revising estimates for both annual and quarterly growth. Several outlets note the shift in the GDP base year to 2022–23 from the earlier 2011–12 framework. The IMF also updates its outlook for Indian growth, citing continued strong economic performance and domestic demand.
Outlets also address concerns around currency movements, with the IMF acknowledging currency fluctuations but describing them as not indicative of economic weakness or “frailty.”
