GENERAL9 Sept 2026
Double deflation debate over GDP methodology no ‘great battle’: Niti Ayog Vice Chairman
Niti Aayog Vice Chairman Ashok Kumar Lahiri said the debate over double deflation in India's gross domestic product (GDP) calculations is not a big fight. He said separating inputs from outputs is not impossible and is a good time to improve the method. He questioned why concerns came up only now, when new series growth is lower. This follows criticism by former officials.
Key Statutory Highlights
- Niti Aayog's Vice Chairman called the double deflation debate 'not a great battle'.
- He said the method is practical and can be improved, calling it a good time to start.
- He questioned why concerns arose only now, as new series growth based on 2023-24 prices is lower than the old series.
Actionable Advice for Taxpayers / Founders:No immediate compliance action is needed. If you use GDP data for business planning, watch for official updates on methodology from government sources.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: