Subramanian Defends 7.8% GDP Growth, Calls Opposition Doubts "Misunderstandings"
Krishnamurthy V Subramanian, former Chief Economic Adviser, defended India's GDP growth of 7.8 per cent for April-June 2026, citing the use of a "double deflator" methodology and dismissing opposition doubts as methodological misunderstandings. He explained that this approach accurately reflects real economic values by adjusting both inputs and outputs for price changes. Subramanian also noted improving private investment indicators but acknowledged slower employment growth. Piyush Goyal, Union Commerce and Industry Minister, criticized opposition leaders for misinterpreting data comparisons.
2 SEPT 2026
· THIS STORY — NDTV
Subramanian Defends 7.8% GDP Growth, Calls Opposition Doubts "Misunderstandings"
— NDTV
SBI's Group Chief Economic Adviser defended the revised 7.8% GDP growth figure, citing a base year change for accurate comparison.
3 SEPT 2026
— NDTV
Secretary Saurabh Garg defended the 7.8% GDP growth rate, citing international methodology and transparent data sources like GST revenues and production figures.
To respect publishing rights, SatyaDheesh does not host full copyrighted news copy. You can read the complete article on the publisher's platform: