EP146: India's New GDP Series: What The Numbers Really Tell Us

Kanika Pasricha, Chief Economic Advisor at Union Bank of India discusses the new GDP series in the latest episode of WTM with Diksha Yadav:Key takeaways Broad-basing of growth toward manufacturingNominal GDP shrinking, real GDP risingHow double deflation fixes the deflator problemIMF's C grade and alignment with global standardsWas India's GDP growth overstated?Better capture of informal sector and GST-era economyPrivate capex higher than previously measuredMonetary policy outlook under new frameworkManufacturing vs public admin divergence puzzle