‘Outdated base year’: FM explains IMF’s ‘C’ grade; says GDP figures not questioned

Finance Minister Nirmala Sitharaman clarified that the IMF did not question India’s growth figures, attributing the ‘C’ grade on national accounts to an outdated base year. India will shift to a 2022-23 base year in 2026, addressing the IMF’s concern. The Fund acknowledged India’s healthy economic performance and resilience.

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