Why did India get a 'C' grade from IMF?
Description
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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