Singapore, May 8 (BSS/PTI) The International Monetary Fund (IMF) will soon send a team to India to get a grasp of the implementation of the government's new GDP methodology, which has been questioned in certain quarters, including RBI.
IMF's Director for Asia and Pacific Department Changyong Rhee said the change in the methodology was a "welcome move by India" and this was in line with what the multilateral lending institution had suggested. However, a delegation will be sent to India "to discuss and understand the implementation of this methodology", Rhee told PTI here.
Earlier this year, India changed the way it measures its GDP or economic output and revised its economic growth estimates accordingly.
Besides change in the base year, the revised national accounts series incorporates numerous conceptual and methodological improvements to make it more consistent with international best practices.
However, the revised data have been termed as "puzzling" by a number of experts and policymakers alike while the Reserve Bank of India (RBI) had also sought clarity from the government on the new methodology and the revised figures.
IMF team headed for India to get a fix on new GDP method
FE Team | Published: May 09, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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