Is India Really Growing At 7.8%? World Bank’s Neelkanth Mishra Decodes GDP Debate & Base Effect | NDTV Profit

1. Executive Briefing (TL;DR)

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• Top Key Takeaways:

  • GDP Base-Series Revision Defense: The 7.8% Q1 growth rate reflects legitimate methodological updates and new baseline enterprise/household sampling, rather than "statistical gymnastics." Comparing old and new base series data produces distorted, invalid conclusions [00:01:45].
  • RBI Currency Intervention Rationale: Recent foreign exchange forward market operations by the Reserve Bank of India (RBI) act as a liquidity stabilization mechanism to suppress panic-driven dollar hoarding and extend hedge horizons out to three years [].