Are India's GDP numbers giving us the real picture? | The Daily Brief

In today's episode of The daily brief, we cover 3 major stories shaping the Indian economy and global markets:

1. India’s GDP Numbers: A Closer Look
The government plans to update the base year for GDP and other economic indicators to reflect a more accurate economic picture. However, concerns about outdated methodologies, such as reliance on WPI and flawed data from the unorganised sector, raise questions about the reliability of these numbers.

2. EV Subsidy Scandal: ₹297 Crore Fraud
Three major EV manufacturers—Hero Electric, Okinawa Autotech, and Benling India—are under investigation for misusing subsidies under the FAME-II scheme by violating localization norms. This highlights policy loopholes and the urgent need for clear rules in India’s EV ecosystem.

3. The Semiconductor Showdown
The US is tightening chip export controls to curb China's technological progress, while China is accelerating self-sufficiency. Amid this global tech rivalry, India is stepping up with major investments in semiconductor manufacturing, signaling its ambitions in this critical industry.

Timestamps:
00:00 Stories Coming Up!
00:20 Intro
00:50 Are India’s GDP numbers misleading us?
06:04 ₹297 crore subsidy fraud: Three EV makers raided
11:36 How US restrictions are shaping the global semiconductor battle
16:18 Tidbits

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Watch this episode in Hindi on ‪@marketsbyzerodhahindi‬ :    • India Ka GDP Growth: Sab Kuch Galat H...  

Watch this episode in Kannada on ‪@marketsbyzerodhakannada‬ :    • India GDP Really Grow Aagta Ide? Shoc...  

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