RBI rate panel member questions India's 8.2% growth rate
Ravindra Dholakia, a member of RBI's Monetary Policy Committee, has argued that Indiaâs new GDP series might be over-estimating the size of the manufacturing sector. Statistics Ministry data showed that manufacturing sector expanded 13.5% in June quarter, driving GDP growth by 8.2%. Higher manufacturing growth rate gives "rise to serious doubts" about the accuracy of new estimates, Dholakia said.