New GDP series reflects structural changes, global best practices: N K Singh

Former finance commission chief N K Singh has supported India's new GDP data series, saying it captures significant structural changes in the economy and reflects global best practices. Singh highlighted that the revised base year reflects shifts in economic activity across sectors.

The comments come as India achieved a sovereign rating upgrade to 'A-' with stable outlook after thirty-eight years, a development Singh attributed to structural reforms and sustained macroeconomic stability. The upgraded credit rating underscores investor confidence in India's economic trajectory.