Why did India get a 'C' grade from IMF?
B. Bhagwan Das speaks to us about why the IMF graded India’s GDP data poorly, what the ‘C’ rating really means, and how it complicates claims of high economic growth.
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Show Notes
In its recent assessment, the International Monetary Fund India’s national accounts statistics, which includes key figures such as Gross Domestic Product (GDP) and Gross Value Added (GVA), a grade of ‘C’, the second-lowest grade there is. “National accounts data are available at adequate frequency and timeliness and provide broadly adequate granularity,” the IMF noted, adding, “However, some methodological weaknesses somewhat hamper surveillance and warrant an overall sectoral rating for the national accounts of C.”
At a time when the government is celebrating 8.2% GDP growth, this grade has sparked uncomfortable questions. What is the IMF saying and is India truly growing as fast as the government claims?
Guest: Prof. B. Bhagwan Das, Former Associate Professor of Economics, Loyola College, Chennai
Host: Nivedita V
Edited by Sharmada Venkatasubramanian
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