India's GDP grew by 76%, exceeding the expectations of many economic analysts and returning to the forefront of the world economy. However, Japan** has questioned India's GDP growth rate, arguing that it is mainly dependent on the development of large companies, resulting in a high concentration of momentum and resources for India's economic development in a few large cities. This uneven development structure has led to inadequate infrastructure and public facilities in these large cities, which in turn has pushed up the cost of public services such as housing, transportation, education, and health care, affecting the sustainable development of the Indian economy. At the same time, the lack of resources for development and high levels of corruption in India's rural and small and medium-sized cities have further weakened entrepreneurship and reduced potential employment opportunities in these areas. As a result, Japan**'s doubts about India's economic growth focus on two main areas: the low number of employed people and the uneven distribution of employment opportunities.
In this regard, the doubts of the Japanese ** are not professional. While it is true that India's economic growth depends on the development of a few large cities, it is not surprising that for most developing economies, the uneven distribution of resources is normal. Rural and small and medium-sized cities are usually much less dynamic than large cities, so the overall economic growth of a number of regions and industries does not create a false situation. In addition, Japan** has questioned the lack of employment in India, especially women, but this problem also exists in Japanese society. Because of the entrenched feudal concept of male superiority over women, Japanese women face many restrictions in the field of employment, so it is difficult for Japan to confidently question the employment situation in India.
To look at India's GDP growth from a more holistic perspective, we need to pay attention to the data published by the National Bureau of Statistics (NBS) under two different statistical rules. The first is for the new statistical criteria adopted by Prime Minister Narendra Modi after taking office, according to which the GDP for the first three quarters of 2023 was 214 trillion US dollars, ranking fifth in the world. This is followed by the production-based GDP used in the old statistical rules, by which the economy grew by 72%。At the same time, it is also important to note that India's GDP was inflated by 6% in 2004-2005 due to changes in the measurement methods of major industries, suggesting that changes in statistical rules can lead to large errors in GDP data.
In addition, there are some controversial factors in the statistics of India's GDP. For example, for the accounting of shacks in slums, Statistics India uses the conversion method based on the market value of surrounding real estate, which leads to inaccurate statistics of India's GDP. However, Japan** did not mention these issues in its questioning of India's GDP.
Questioning India's GDP should be more professional and rigorous. When questioning India's GDP figures, we should sort out all the factors that can cause errors, including changes in statistical rules, uneven distribution of resources, and the way shacks are accounted for. At the same time, we should avoid exaggerating individual issues to the level of the overall economic development, and instead look at the development of the Indian economy from a more holistic perspective. In general, the questioning of India's GDP needs to be carried out on the basis of professional research and data analysis, and a comprehensive assessment of India's actual economic situation.