GDP Numbers Raise Questions; Private Consumption, FDI Lag Despite Strong Growth Claims
• GDP numbers 'absolutely mystifying', don't add up Ex-CEA Subramanian • Implied inflation 1-1.5% vs actual 3-5%; numbers don't align • Economy growing at 7.5% but private consumption only 3% • Errors & omissions 4.3 ppts of estimated 7.6% FY24 growth • FDI has collapsed though buzz is India an attractive investment