SBI Adviser Hits Back at Critics, Calls Wrong Data Interpretation "Intellectual Dishonesty"
On Wednesday, Soumya Kanti Ghosh, Group Chief Economic Adviser at the State Bank of India (SBI), defended the 7.8% GDP growth figure against criticism from former RBI governor Raghuram Rajan and others. He explained that the nominal GDP was revised to Rs 80 lakh crore due to a change in base year, leading to correct comparison with last year's adjusted Rs 80.4 lakh crore, not Rs 86.1 lakh crore. Ghosh dismissed incorrect data interpretation as intellectual dishonesty, emphasizing revisions are legitimate and part of updating GDP figures based on recent factors.
2 SEPT 2026
— NDTV
Subramanian Defends 7.8% GDP Growth, Calls Opposition Doubts "Misunderstandings"
· THIS STORY — 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.
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