Saurabh Garg, Secretary of the Ministry of Statistics and Programme Implementation (MoSPI), said the ministry is conducting new surveys, including one on cooperatives, to improve economic data. He said India has recorded consistent growth of 7-8% over the past three years, with GDP up 7.8% in the first quarter of the current financial year, though he declined to comment on second-quarter figures. Garg described inflation as a concern but said government measures have kept it within manageable limits. He stressed that GDP should be complemented by other indicators, including better measurement of non-market activities such as the care economy and household work. He also noted that MoSPI has introduced double deflation to better capture value addition in manufacturing.
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