‘Consistent with good practices’: IMF defends India’s revised GDP calculation

 The International Monetary Fund has recognized India’s updated approach to measuring gross domestic product, commending the Ministry of Statistics and Programme Implementation for enhancing GDP metrics. Amid strong economic performance and rising domestic demand, the IMF has also revised its growth predictions for India. Currency fluctuations were acknowledged; however, Srinivasan clarified they do not indicate any economic frailty. The International Monetary Fund has recognized India’s updated approach to measuring gross domestic product, commending the Ministry of Statistics and Programme Implementation for enhancing GDP metrics. Amid strong economic performance and rising domestic demand, the IMF has also revised its growth predictions for India. Currency fluctuations were acknowledged; however, Srinivasan clarified they do not indicate any economic frailty.