Indian statistics grossly overstated GDP growth, says former adviser

[valkyr_96]

Indian markets recently made an all time high. Stock markets are a reflection of the economy.

That is not true....especially for developing countries where stocks are tightly held.

 

[Ahmad Sajjad Paracha]

So if true and fair view of india's GDP is given then the gdp per capita of pakistan would be more than gdp per capita of india. Interesting!!!!!!!!!!!!

 

[faithfulguy]

That is not true....especially for developing countries where stocks are tightly held.

Since India is a remittance based economy, the best way to measure Indian economic growth is by measure remittance growth rate.

 

[Leishangthem]

Since India is a remittance based economy, the best way to measure Indian economic growth is by measure remittance growth rate.

....and foreign investment.

 

[faithfulguy]

....and foreign investment.

A large part of foreign investment are absorbed in bribery. So the raw number is not accurate.

 

[CHN Bamboo]

Officials in many countries revise/overstate their gdp data in order to be re-elected.

GDP statistics in the UK and Italy take into account the volume of drug and prostitution transactions. As a result, Britain's gdp surpassed France in that year.
I remember it happened in 2014 or 2015. It gave me a new understanding of 'democracy'.

As for India, its gdp statistics takes into account cow dung... and overestimate its gdp.
In this respect, India is ‘doing better’ than its teacher Britain.

 

[Han Patriot]

Since India is a remittance based economy, the best way to measure Indian economic growth is by measure remittance growth rate.

Exactly, India is actually powered by remittance based on labor exports. If Trump cuts those tech collie outsourcing, the whole economy is destroyed.