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"This is the only revision where the exceptionally high downgrading or reduction of GDP of ₹12 lakh crores has taken place, and therefore it is unusual, exceptional," says Subhash Chandra Garg Are you saying they deliberately brought it down from ₹86 lakh crores to ₹80 lakh crores under the...

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#WATCH | Delhi: On former Finance Secretary Subhash Chandra Garg's statement alleging GDP data revision from Rs 86 lakh crore to Rs 80 lakh crore to inflate the latest Q1 2026-2027 figures, Ministry of Statistics and Programme Implementation (MoSPI) Secretary Saurabh Garg says, "...Whenever we compare year-to-year, we always compare on constant prices because current prices include price inflation, and therefore current price is not the correct method to compare year-to-year. Whenever we do a comparison, we need to compare like to like; we can't compare apples to oranges. So what has been done is that the current GDP of the old series, which has already become obsolete, and the data we had released last year, has been compared with the current GDP of this quarter of the new series... If you look at the volume output, for example, the number of automobiles produced, the amount of cement produced, the amount of steel produced, and you compare this from quarter one of last year and quarter one of this year, this shows extremely high growth rates of 12 per cent, 14 per cent, 16 per cent when we look at volume growth. Making this statement that there has been some data fudging done is extremely unfortunate..."
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#WATCH | Delhi: On former Finance Secretary Subhash Chandra Garg's statement alleging GDP data revision from Rs 86 lakh crore to Rs 80 lakh crore to inflate the latest Q1 2026-2027 figures, Ministry of Statistics and Programme Implementation (MoSPI) Secretary Saurabh Garg says, "...Whenever we compare year-to-year, we always compare on constant prices because current prices include price inflation, and therefore current price is not the correct method to compare year-to-year. Whenever we do a comparison, we need to compare like to like; we can't compare apples to oranges. So what has been done is that the current GDP of the old series, which has already become obsolete, and the data we had released last year, has been compared with the current GDP of this quarter of the new series... If you look at the volume output, for example, the number of automobiles produced, the amount of cement produced, the amount of steel produced, and you compare this from quarter one of last year and quarter one of this year, this shows extremely high growth rates of 12 per cent, 14 per cent, 16 per cent when we look at volume growth. Making this statement that there has been some data fudging done is extremely unfortunate..."

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Karanataka IT exports 4.11 lakh crores 37% of India’s total IT exports. Telangana IT exports 2.7 lakh crores 18% of India’s total IT exports. More 56% of India’s total IT exports from this 2 iconic cities Hyderabad and Bangalore. I still don't understand who found the chili spicy 🤦🏻‍♂️ Healthy competition is good between neighbouring states, but if you do it in a way that denigrates the other states, you will only lose… Thank you

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Economic Advisor to PM Prof. Gourav Vallabh and former Finance Secretary Subhash Chandra Garg engaged in a debate over India’s GDP growth calculation. #IndiaTodaySocial #GDPGrowth #GouravVallabh #SubhashGarg #IndianEconomy | Marya Shakil
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Economic Advisor to PM Prof. Gourav Vallabh and former Finance Secretary Subhash Chandra Garg engaged in a debate over India’s GDP growth calculation. #IndiaTodaySocial #GDPGrowth #GouravVallabh #SubhashGarg #IndianEconomy | Marya Shakil

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