Although India's growth rate seems to be high as per official figures, other indices such as the Index of Industrial Production pointed to trends that ran counter to the optimistic growth scenario that the new GDP series painted.
Is India really the fastest growing economy in the world?
According to official data, India's growth rate has been creditably higher than in most emerging markets. However, the rates being cited are based on a new series of national accounts with a base year of 2011-12.
Has the base year revision affected India's growth rate by any margin? Findings from a recent technical report by the NSSO relating to Services Sector Enterprises in India has also raised a lot of questions regarding India's growth rate. We investigate more about the issue in this episode of Money Matters. Former Chief Statistician of India Pronab Sen, former NSC chairman PC Mohanan, professor R Nagaraj, professor Surajit Mazumdar provide their valuable opinions.