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Story summary
- India posted 7.8% GDP growth for the latest quarter, beating the 7% forecast.
- Former finance secretary Subhash Garg alleged the government revised last year’s GDP downward to inflate this year’s rate.
- The IMF gave India’s national accounts a “C” rating in November, citing an outdated base year and no seasonal data.
- Economist Reetika Khera estimated about 100 million people miss food subsidies because policymakers rely on outdated population figures.
