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‘C’ Grade for India’s National Accounts Statistics
December 1 , 2025
15 hrs 0 min
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- The International Monetary Fund (IMF) gave India’s National Accounts Statistics (NAS) a ‘C’ grade, citing methodological weaknesses.
- India’s Consumer Price Index (CPI) received a ‘B’ grade.
- India’s GDP and CPI still use the 2011–12 base year, which does not reflect the current economy.
- The Wholesale Price Index (WPI) is used as a deflator due to the lack of a full Producer Price Index (PPI).
- Large discrepancies exist between production and expenditure data, partly due to informal sector under coverage.
- Quarterly GDP data lacks sufficient seasonal adjustment, affecting the interpretation of growth trends.
- India’s NAS is compiled by the Ministry of Statistics and Programme Implementation (MoSPI) using the United Nations System of National Accounts 2008 (UN-SNA 2008).
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