The International Monetary Fund (IMF) has “corrected” an error in its calculations to now project that India would become a $5-trillion economy by 2026-27, which is what the finance ministry has been saying of late.
Last month, the data given by the Fund had shown that this could be achieved by only 2028-29, two years after the ministry’s latest projections and a four-year delay over the original goal set by the government. “IMF staff discovered a data input error that led to an error in calculating India’s gross domestic product (GDP) denominated in US.
