The 'Khichdi' Explanation: Ex-CEA Decodes India's GDP Methodology

Did the government revise India's GDP methodology to artificially inflate the latest growth figures? In this conversation with NDTV, former Chief Economic Adviser Krishnamurthy Subramanian responds to the controversy surrounding India's GDP data.

Explaining the double-deflator methodology through a simple example of khichdi, rice and dal, Dr Subramanian argues that the new approach is a more advanced way of measuring real economic growth. He also responds to questions about revised GDP numbers and offers a "litmus test" for assessing conflicting views on economic data.