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India Has Been Accused of Overstating Its Growth Statistics

Gross domestic product figures and unemployment data are vulnerable to political manipulation.

India was until recently the fastest-growing major economy in the world, clocking annual rates of 7% or more and sparking predictions that it would soon overtake the likes of the U.K. and Germany.

  • By Anirban Nag and Ronojoy Mazumdar
  • Bloomberg

Now it looks like that rapid pace may have been overstated.

An academic paper by a former chief economic adviser to Prime Minister Narendra Modi estimates annual growth averaged closer to 4.5% a…

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