IMF gives ‘C’ grade for India’s national accounts statistics

Context
• The IMF’s annual Article IV review has rated India’s national accounts statistics (GDP & GVA data quality) at a ‘C’ grade, which is the second-lowest rating.
• This grade means India’s GDP data has methodological weaknesses and discrepancies that “hamper surveillance” i.e., they make it harder for IMF and policymakers to correctly assess India’s real economic health.
• The article comes at a time when India is preparing to release its Q2 national accounts data, making this assessment even more sensitive.

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IMF gives ‘C’ grade for India’s national accounts statistics

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