Is India’s Q1 GDP growth overestimated? The surprise behind the better-than-expected 7.8% number
India’s stronger-than-expected GDP growth for the June quarter may have been overestimated, according to HSBC India. The bank said low deflators could be exaggerating real growth numbers, adding that the way India’s statistical system adjusts for inflation, particularly in services and manufacturing, risks overstating output when price pressures are unusually soft. India’s economy grew by…