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CEA defends India’s GDP estimation, urges change in Mindset
Dec-24-2025

Chief Economic Advisor (CEA) V Anantha Nageswaran said while all Gross Domestic Product (GDP) estimation methodologies have inherent limitations, there is a need to change the mindset that India’s methods of estimating GDP are inferior. In the context of persisting concerns in certain quarters about the country's GDP numbers, he pointed out that concerns are raised only when GDP numbers are strong, but remain silent when data disappoint on the downside.   

CEA said ‘it is not as if the Indian GDP numbers are overstating the GDP case but unfortunately, all these... under-informed or half-baked questions are left deliberately hanging so as to sow the seeds of doubt in people, and it does not necessarily serve any purpose because they are not rigorous’. 

Delving deep into the concept of estimations, he said that sometimes, there might be a need to fall in line with international practices so that a country's figures like GDP, inflation, etc. can be meaningfully compared to others. He was addressing various stakeholders at the pre-release consultative workshop on base revision of CPI, GDP and IIP organised by the Ministry of Statistics and Programme Implementation in the national capital.  


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