23 base year GDP data more worrying than latest print; Investments likely being underestimated: Jahangir Aziz

Investments are likely being underestimated, Aziz tells Moneycontrol, noting that the tracking of capital expenditure remains problematic because its deflator is tightly bound to the Wholesale Price Index

“There is no reason India cannot conduct a retail sales survey, as China has done for years,” Aziz said.

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