Former Fin Sec SC Garg: India’s dollar GDP growth among lowest globally

In this episode of AI With Sanket, Sanket Upadhyay discussed with Subhash Garg, Former Finance Secretary, why India’s IMF-certified GDP growth looks very different in US dollar terms. Responding to his Deccan Herald piece, ‘Apples, oranges, and illusions’, Garg argues that while the IMF puts India’s real growth at about 7%, growth in current US dollars is only about 3.5% against more than 8% for the world as a whole. He explains how the IMF adjusts countries’ data for currency moves, and links India’s weak dollar growth to rupee pressure, a long-running trade deficit, record foreign portfolio investor outflows and RBI’s reserve management. The government has disputed his earlier GDP claims. #AIWithSanket #GDP #IMF #SubhashGarg 00:00 India’s GDP growth: What the IMF numbers reveal 01:17 Why Subhash Garg questions India’s GDP growth narrative 03:37 IMF’s two measures of GDP growth explained 05:57 India grows at 3.6% in dollar terms, world at over 8% 07:45 India’s GDP paradox: Fast growth, weak currency 09:18 How the IMF calculates GDP and adjusts for currency changes 12:59 Is India’s GDP comparison with the previous year fair? 15:09 Why rupee depreciation is a long-term concern 15:50 Why is India more vulnerable than other economies? 18:31 Trade deficit, FPI outflows and weak foreign investment 20:07 RBI’s gold reserves and currency swap strategy 21:45 Why India’s currency weakness affects its growth ▶For the latest news and analysis - https://thefederal.com/  ▶RSS Feed - https://thefederal.com/google_feeds.xml ▶For more explainers, and interesting videos - https://thefederal.com/category/videos ▶To watch The Federal's shows listed together for your easy access, click here:    • The Federal Programmes   Follow The Federal News here - ▶Website: https://thefederal.com/ ▶Facebook:   / thefederal.india   ▶X: https://x.com/TheFederal_News ▶Instagram:   / thefederal_india   ▶LinkedIn:   / thefederal   ▶Whatsapp channel: https://www.whatsapp.com/channel/0029... ▶Threads: TheFederal India (@thefederal_india) ▶Spotify: https://open.spotify.com/show/3fy3utP... #TheFederal #India #BreakingNews #LatestNews #News #Delhi #Mumbai #Parliament #NarendraModi #RahulGandhi #Politics #Business #Economy Download The Federal App here - ▶Android - http://bit.ly/3DJSkiu ▶iPhone - http://bit.ly/TheFederalios