YouTube Video Falsely Claims India Reached $4 Trillion GDP, Ministers Share Despite Data Showing Otherwise
-
A YouTube video falsely claimed India had reached $4 tn GDP, leading to celebratory posts by ministers. But India is well short of this mark based on official data.
-
The YouTube video showed a live ticker suggesting India's economy had just crossed $4 tn. This claim has been debunked as statistically invalid.
-
India's GDP was $3.31 tn as of March 2023. With Q1 FY24 growth, it reached $3.38 tn. The budget estimated FY24 GDP at $3.6 tn.
-
Reaching $4 tn by December 2022 would require near 10% quarterly growth in Q2 and Q3, higher than Q1 growth and RBI's predicted slowdown.
-
The premise of minute-by-minute GDP measurement in the YouTube video is flawed. Smallest GDP data interval is quarterly, not minute-wise.