India’s 7.8% GDP growth in Q1 has sparked a major debate, with critics questioning the credibility of the data and the methodology behind the numbers.
In this exclusive conversation with NDTV, former Chief Economic Adviser Krishnamurthy Subramanian responds to claims that India’s actual growth rate is far lower. Using simple examples of kilograms versus pounds and khichdi, he explains the double-deflator methodology and argues that comparing different methods of GDP calculation can lead to misleading conclusions.