Why did IMF give ‘C grade’ to India amid rising GDP rates? Know the reason
international currency fund (IMF) In its report India’s Gross Domestic Product (GDP) and national accounts That is, the quality of the data rating Has given. On the other hand, India has increased its estimated GDP 7.3 trillion Said to be US dollars. In a statement issued by the Government of India, it was said that the country has strengthened its position as the fastest growing major economy. Now a debate has arisen as to when GDP If the figures are pointing towards development IMF has such rating Why did you give it?
Congress leader P chidambaram Had posted a question to the Central Government to tell that IMF In its annual review report, India’s National accounts statistics in C grade Why Is kept. BJP has completely rejected this debate.
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IMF What’s in the report?
on 26th NovemberIMF issued a report stating that adequate monitoring data Due to lack of availability, India has been given a C grade. The report further stated that the National accounts of data of frequency correct and available in sufficient detail but in Methodological There are flaws which surveillance hinders. The report states that Non Banking Financial Institutions (NBFC), families and entire system financial in Interconnection regarding data Is limited.
on data differences IMF said
IMF has issued a statement regarding the discrepancy between India’s and its own data, citing shortcomings in the data used within India. In factIMFare provided data to four grades Distributes in.
First, enough to monitor data i.e. A grade, second, data It has some shortcomings but overall it is good enough for monitoring. third, data There are some shortcomings which affect the process of monitoring to some extent. fourth, data There are some serious shortcomings which hamper surveillance to a great extent.
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IMF says that the Government of India data The base year it uses is 2011-12 and this base year is no longer relevant. along with this India producer Price Not index but wholesale Price uses indexes so that data There may be a difference.
The BJP refuted Congress’s allegations, saying the base year of 2011–12 was the primary reason for the technical issue. Boundless Malviya informed that the Government has announced that a committee of 2022-23 will be convened in February 2026 to look into these issues. series Will make changes in. Along with this he said that this thing ignore It was done that India frequency Also got A grade for.
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