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Statistics: IMF's report card need not alarm us

Mint New Delhi

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December 02, 2025

The Fund's criticism of India's macroeconomic estimates is best taken as a cue to further improve the country's statistical framework. Thankfully, remedial work has already begun

Even as we bask in the glory of our 8.2% GDP growth for the second quarter of 2025-26—highest in the past six quarters, fastest among major economies and so on—the International Monetary Fund’s (IMF) Annual Staff Report has taken some of the shine off.

In its report for India, part of its 2025 Article IV consultation, released just a few days before the ministry of statistics and programme implementation (MOSPI) released that cracker of a growth figure, the Fund has retained its ‘C’ grade for India's national account statistics (or GDP numbers) on a scale from A to D. In the IMF's view, Indian data has “some shortcomings that somewhat hamper surveillance.”

MEER VERHALEN VAN Mint New Delhi

Mint New Delhi

Mint New Delhi

A car built for extra speed and drama

The hybrid Temerario hijacks the senses and takes them for a joyride, while retaining all the Italian brashness and drama of a Lamborghini

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4 mins

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Mint New Delhi

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Find X9 Series marks OPPO’s bold step into India’s premium smartphone segment

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2 mins

December 05, 2025

Mint New Delhi

2026 will be very exciting for Indian equities: Ridham Desai

Indian markets have already rebounded from their worst dollar-return slump in over two decades, setting up 2026 as an ‘exciting year’ for domestic equities, said Morgan Stanley managing director Ridham Desai.

time to read

2 mins

December 05, 2025

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Make merry with jazz, art

A Mint guide to what's happening in and around your city

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1 min

December 05, 2025

Mint New Delhi

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India to define how AI works in real world: OpenAI CTO

OpenAI is actively lowering adoption barriers in India with a year of free ChatGPT Go access

time to read

2 mins

December 05, 2025

Mint New Delhi

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Messages of calamity concern are rarely ever helpful

The fire that engulfed as many as eight tower blocks at a housing estate in Hong Kong last week was beyond the imagination even of Hollywood's screenwriters.

time to read

4 mins

December 05, 2025

Mint New Delhi

Mint New Delhi

The tussle between affordability and public goods is easy to lose

Affordability is a potent political issue in the US as in India but using cash transfers to address it threatens vital public goods

time to read

3 mins

December 05, 2025

Mint New Delhi

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DRL gets a semaglutide boost

Dr Reddy's Laboratories Ltd (DRL) received a shot in the arm on 2 December, when the Delhi High Court allowed it to export the weight-loss drug semaglutide, which is set to become patent-free in several countries, including Canada, China and Brazil, starting January 2026.

time to read

2 mins

December 05, 2025

Mint New Delhi

Tata, Cyient, Applied Materials win mandate to modernize chip fab

Two homegrown firms, including a Tata Group company, along with a US chip design major, have bagged a ₹4,500 crore project to enable India's sole semiconductor fabrication plant, Semi-Conductor Laboratory (SCL) in Mohali, to make more modern industrial chips used in critical sectors like power and energy.

time to read

1 mins

December 05, 2025

Mint New Delhi

Climate-led Asia flood losses top $20 billion

Devastating floods have killed more than 1,300 people and caused at least $20 billion in losses since late last month across parts of South and Southeast Asia, underscoring the increasing risks from climate change and extreme weather for the region’s fast-growing populations and economies.

time to read

1 min

December 05, 2025

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