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India‘s 20 years of GDP misestimation: New evidence
New evidence suggests that India misestimated its annual economic growth rate during the past two decades. It appears that the Indian economy did not grow at a stable rate over the past two decades, as was earlier estimated, but rather boomed during the early 2000s, then decelerated after the global financial crisis and subsequent domestic shocks. Methodological revisions made in February 2026, following commendable consultations, aimed to address the challenges identified.
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