India’s 8.5% growth rate has some ‘fluff,’ says former central bank chief
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There is some ‘fluff’ in India’s economic growth rate, said Raghuram Rajan, former governor of the Reserve Bank of India, as it does not sufficiently account for inflation and over-represents growth from large firms in its calculation. A growth rate calculated using readjusted numbers is estimated to be closer to 6-6.5%, which is still “a pretty good number,” he said. Subscribe to CNBC International TV: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci