At 13.5 per cent, real GDP growth has declined by 9.6 per cent sequentially, but the seasonally adjusted real GDP growth series shows pick-up in economic momentum, with higher growth at 5.6 per cent sequentially in Q1 compared to -4.1 per cent in Q1FY22 and 1.9 percent in Q4FY22, Ghosh, said in a note on Thursday. The headline GDP numbers hide more things than these reveal and it's time to seriously introspect on the measurement of IIP and CPI baskets which were last revised in 2012, he said.
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