Economists have said India’s Q3 GDP data may be overstating growth, which rose at a faster than expected rate at 8.4 per cent.
The economists, quoted by news agency Reuters in a report, highlighted the modest increase in gross value added (GVA) in the economy.
It may be noted that besides GDP, the government also releases data for GVA, which is a metric used to measure the total value of goods and services produced in the economy.
GVA is often used to assess the contribution of specific sectors or industries to the economy, and it is also seen as a purer measure of economic growth as the computation of GDP includes indirect taxes and excludes government subsidies.
For the third quarter of FY24, the GVA grew at 6.5 per cent, compared to the 8.4 per cent GDP growth.
