independent / statistical-credibility sceptic
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BasisPoint Insight · India · India's FY26 GDP prints at 7.7%, Modi's headline, the statisticians' puzzle
Argues the base-year overhaul nudged FY25-26 up and FY24-25 slightly up but sharply revised FY23-24 down, leaving the core credibility questions, deflator, jobs, Census-vintage multipliers, unresolved rather than answered.
“The numbers have changed, but some questions have not… 2025-26 appears marginally stronger, 2024-25 nudged upward, and 2023-24 has seen a sharp downward reset.”