IMF welcomes India's efforts to modernise statistical framework

IMF backs 7.8% GDP growth rate, welcomes India's efforts to modernise statistical framework

IMF welcomes India's efforts to modernize its statistical framework with new IIP and PPI series, improving GDP estimate accuracy. India's Q2 real GDP grew 7.8%, exceeding expectations.

Amid GDP credibility debate, IMF backs India's statistical reforms

Julie Kozack, Director of the Communications Department at the IMF, said the latest GDP release incorporated the two new statistical series and described their inclusion as an important step towards strengthening India’s macroeconomic statistics.

India Resilient Despite Energy Price Shock, Says IMF Supporting Latest GDP Data by Govt

Get latest articles and stories on Business at LatestLY. India's economy has shown resilience despite the energy price shock, with the country's 7.8 per cent real GDP growth in the first quarter of FY27 coming in above expectations, the International Monetary Fund (IMF) said, while also welcoming changes in India's GDP estimation system amid a debate over the integrity and transparency of the data. Business News | India Resilient Despite Energy …

IMF backs India's new GDP data, says updated IIP, PPI will improve accuracy

India's 7.8% GDP growth has triggered a political row, with a former finance secretary questioning the data methodology. The IMF, however, backed India's statistical reforms, saying new IIP and PPI series should improve GDP estimates.

India's GDP Growth Hits 7.8% in Q2, Outpacing Global Expectations

India's GDP grew by 7.8% in the second quarter, exceeding initial projections and cementing its role as a primary driver of global economic expansion, according to the International Monetary Fund (IMF). The growth was underpinned by a strong performance in the services sector and a rise in exports. However, the IMF is now monitoring the potential volatility of oil prices and their impact on India's current account and inflation metrics. The fund…

IMF welcomes India's efforts to modernise statistical framework

The IMF welcomes India's statistical framework modernization efforts. New industrial production and producer price indexes will improve GDP estimate accuracy. India's second-quarter real GDP growth exceeded expectations at 7.8 percent. This growth was driven by strong services sector activity and exports. India continues to be a significant global economic growth engine.