₹38.6 Lakh Crore or ₹27.4 Lakh Crore? What a 40.9% Gap in India’s Manufacturing GVA Estimates Should Make Us Ask About the Numbers Behind the Growth Story
India’s National Statistical Office recently released updated National Accounts Statistics placing manufacturing sector Gross Value Added at ₹38.6 lakh crore for 2023-24, or 14.7 percent of GDP. When independent economists cross-checked that figure against other official data sources, they arrived at a substantially lower estimate — around ₹27.4 lakh crore — a gap of roughly […]










