Economist Neelkanth Mishra on Thursday hit back at claims that India’s latest GDP growth number was inflated by the revision of the national accounts series, calling such arguments “ill-educated and egregiously wrong” and saying economic activity indicators point to a stronger economy.
Mishra, who recently moved from Axis Bank to the World Bank as an executive director, said fading fiscal headwinds and improving credit growth were turning into tailwinds for the economy. He said the improvement in momentum could push consensus estimates for India’s trend growth rate to above 7%.
