IMF India GDP Data Quality: International Monetary Fund (IMF)(IMF) Has made an important comment regarding the Indian economy. imf in its annual review Citing serious flaws in India’s national accounts data, it has been given a C grade. If the data quality Talking about, this is considered to be the second worst level.
imf has made this comment at a time when today, on 28th November, the Government of India has announced the second quarter of this financial year. gdp The figures are about to come out. It is estimated that the Indian economy will be around 7 percentage Can move forward from. let us know imf What has he said about this…
imf statement of
According to a report published in The Hindu, imf has pointed out some shortcomings in the available data. as imf Article IV (assessment off economic framework), according to India’s National accounts related to data They are available on time and provide adequate information.
However, Indian national accounts data has been graded C due to shortcomings in the methodology used to derive it. simultaneously imf by consumer price Index (cpi) To b Grade given. in india inflation This is the largest index that detects imf by overall All data category To b Kept in grade.
what is grade A, B, C And D?
grade A It means that the economic data of a country has been prepared correctly as per international standards. i.e. whatever data has been made available, that global level Meets the needs of. same grade B It states that, data There are some shortcomings, but overall it data With its help the situation can be monitored.
grade C To meet means that, data something in the way of preparation mistakes are, because of which IMF Is facing difficulty in monitoring properly. while grade D the weakest category comes in, which shows that data international basic standard Does not fulfill. which means that, data But cannot be trusted.
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