World Bank Executive Director Neelkanth Mishra Condemns Disputed GDP Growth Claims World Bank Executive Director Neelkanth Mishra has criticized claims that India’s economy grew by 2.6% in the first quarter of the current fiscal year, calling them “ill-educated” and “egregiously wrong.” His remarks, posted on X, came amid a political dispute over the government’s reported GDP growth figures, which were contested by former Finance Secretary S. C. Garg. Mishra emphasized that the revised data, introduced in February 2026, significantly improved the methodology and credibility of GDP estimates. Mishra stated that the claims about lower growth using the original June-2025 quarter as a base were “so obviously wrong” that multiple logical rebuttals had already been made. He noted that the downward revision in the base year was known as early as March 2025 and that the new series enhanced the accuracy of real output measurements. Garg had argued that the current price GDP for the previous fiscal year was ₹86 lakh crore, which was revised down to ₹80 lakh crore, and that this adjustment would have reduced GDP growth to 2.6% instead of the reported 7.8%. Mishra rejected this argument, asserting that the revised data reflected a more accurate picture of economic performance. Mishra highlighted the robustness of economic indicators despite the base-year adjustments. He noted that the June-quarter data demonstrated strong momentum, with personal vehicle (cars, SUVs) dispatches growing 35% year-on-year in August, even as exports declined by 9%. Two-wheeler growth exceeded 20%, while commercial vehicle dispatches surged over 40%. He also pointed to a meaningful pickup in tax collection and credit growth, which surprised analysts on the upside, albeit on a low base.#india #gdp_growth #world_bank #neelkanth_mishra #s_c_garg
GDP growth slowed more than anticipated in the fourth quarter, according to recent economic data. Analysts had expected a modest decline, but the actual figures showed a sharper drop, raising concerns about the health of the economy. This development comes amid ongoing discussions about inflation and the potential for interest rate cuts, which investors are closely monitoring. Boeing is under scrutiny after reports indicated the company is addressing issues with its 737 Max jet fleet. Bloomberg reported that Boeing is repairing small wiring defects in 25 of its Max jets, which has led to a notable improvement in delivery schedules. In March, the company delivered 387 jets, compared to 43 in February, signaling a recovery in production. However, the company continues to face challenges with delays, which have impacted its financial performance and investor confidence. Meanwhile, Meta has delayed the release of its new AI model, "Avocado," according to the New York Times. The launch, originally planned for earlier this year, is now expected to occur in May or June. The delay follows reports that the AI model underperformed compared to competitors, prompting the company to reassess its development timeline. This setback highlights the competitive pressures Meta faces in the rapidly evolving AI market. The combination of slowing economic growth, persistent inflation, and corporate challenges has created a complex environment for investors. Market participants are now evaluating how these factors might influence future economic policies and stock market trends. As the situation unfolds, further updates on Boeing's production, Meta's AI strategy, and global economic indicators will remain critical for assessing market stability.#boeing #new_york_times #meta #gdp_growth #avocado_ai_model
