Introduction: Sherfastava, the founder of Haksh, raised questions about the credibility of the gross domestic product in India and the recent inflation numbers, on the pretext that the government’s economic narration is “address management” instead of a reflection of the ground realism.
Body version: In a post on X (officially Twitter), Shrivastava wrote, “For the past few years, we have managed a huge address for our economy. The more important topics – such as reducing goods tax, services or external flow – but there is some glossy news that is delivered to you.
Shrivastava urged people not to take official numbers at the nominal value, but rather asking “basic questions” about whether the data is compatible with live experiences. He added: “On this day and this era, if you decide to be ostrich, then the joke is on you. This is not a criticism, then this is a fact.”
Anatomy of the latest data, shrivastava highlighting the separation between 8.8 % domestic GDP growth and 1 % inflation. Through the government formula, this means the rate of real GDP growth by 7.8 %. He questioned the ability of low infection for consumer prices in a country where home expenditures are clearly escalating.
“Do you really feel this way? If not, then the nominal GDP data is 8.8 % completely formed.” He acknowledged that inflation is not the same as the average gross domestic product, but he said he was using it as a substitute to simplify the concept of beginners.
Capi number 1.55 % “completely doubtful”, Shrivastava suggested that the only way that can be explained is whether a large part of the population consumption is covered with feedback or free gifts, or isolated from the escalation of prices. “But again, this will not constitute part of the consumer price index. So CPI is 1.55 % meaningless,” he pointed out.
The Indian economy showed strong growth in the first quarter of the fiscal year 2025-26 (the first quarter of the fiscal year 2025-26), as mentioned by the Ministry of Statistics and the implementation of the program (MOSPI). The country’s real gross domestic product expanded by 7.8 % compared to 6.5 % in the first quarter of the fiscal year 2024-25, reflecting the flexibility and strength of the various sectors. The impressive performance was largely driven by the prosperous growth in the services sector, which witnessed a remarkable growth of 9.3 % in the quarter.
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