IMF Backs India’s Revised GDP Methodology, Calls Update a Welcome Development
The International Monetary Fund has endorsed India’s updated GDP methodology, describing the revision as a welcome development and saying it aligns fully with guidance from the Fund’s statistics department. The remarks from Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department, add institutional support to India’s effort to refine how it measures economic output and strengthen confidence in official data. The endorsement comes at a sensitive moment for macroeconomic policy, when investors, policymakers and analysts are closely watching the quality and comparability of India’s growth numbers. The IMF’s backing is likely to be read as validation of India’s statistical modernisation rather than a challenge to the credibility of its data.