This video features an interview with an Indian professor who discusses the accuracy of India’s GDP growth data.
The professor makes the following points:
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He believes that the claim of India’s GDP growing fast and being on track to surpass Japan’s by 2025 needs to be reassessed.
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He argues that the official GDP data is potentially inaccurate because it reflects the growth of the organized sector but fails to account for the decline in the unorganized sector.
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He also suggests that even the agricultural data might be incorrect, citing an example where, despite a reported bumper crop, food prices continued to rise.
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The professor estimates that the actual rate of growth might be around 2%, rather than the 6.5% average over the last 10 years.
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He concludes that if his assessment is correct, the projected GDP could be 42% different from the reality, meaning India would not have surpassed Japan.