Скачать или смотреть Why Did India Get a ‘C’ from IMF? | Reasons & Way Forward | Economy | UPSC | Drishti IAS English

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******************************************************************************* In this detailed session, Mr. Rajeev Chauhan, Expert Faculty at Drishti IAS, explains the recent ‘C’ rating India received from the IMF and the significant implications of this rating on the Indian economy.
The session covers the following key points:
• What Does it Mean? A thorough breakdown of the IMF’s ‘C’ rating for India and its impact on India’s global financial positioning.
• Reasons Behind the Rating: Mr. Chauhan delves into the main factors contributing to this rating, including:
o Outdated Base Year: How the use of an outdated base year for GDP calculations limits accurate economic assessment.
o Reliance on WPI over PPI: The challenges of using the Wholesale Price Index (WPI) instead of the Producer Price Index (PPI) in tracking inflation and economic activity.
• General Issues with Indian Data: The video also highlights the broader challenges faced by India’s economic data system, such as gaps in data coverage, delays in updating key indicators, and the lack of real-time data for policymakers.
• Way Forward - The 6 Pillar Framework: He discusses a strategic approach for India’s economic future through a 6 Pillar Framework. This framework is designed to address key challenges in India’s economic data and financial systems.
This video is crucial for UPSC aspirants preparing for General Studies Paper 3 (Indian Economy), as it provides an in-depth understanding of India’s current economic challenges, the implications of the IMF’s rating, and the way forward through the 6 Pillar Framework for economic reform.



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