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IMF gives India a 'C' for economic data—here's why it matters
Business
The IMF just gave India's national accounts a 'C' grade, saying the way we track our economy needs work.
Outdated methods and mismatched numbers make it harder for experts to really understand what's happening with India's growth.
What's the issue?
India still uses 2011-12 as the base year for GDP, and there are gaps between how production and spending are measured.
The IMF also noticed missing seasonal adjustments and not enough detail on different sectors—basically, the data isn't keeping up with how fast things are changing.
What happens next?
India says updates are coming: new base years for both GDP and inflation (CPI) stats are expected to be released in early or mid 2026.
Meanwhile, all eyes are on the Q2 GDP numbers dropping November 28.