IMF backs India’s updated GDP methodology, calls revision “welcome development”

WASHINGTON: (Oct 15) The International Monetary Fund on Thursday said India’s updated GDP calculation methodology aligns with best practices and is entirely consistent with IMF’s advice.

Calling India’s GDP base revision a “welcome development,” Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department, told reporters in Bangkok that the updated methodology completely matches the advice provided by the IMF’s statistics department.

“These revisions to the methodology are entirely consistent with what the advice we’ve been giving them, including from our statistics department,” Srinivasan said.

Source: PTI News

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