> The government claims that the Indian economy grew at its fastest pace over 2 years in the 1st quarter of 2010 at 8.8%.
> The GDP data released by government ha raised some serious credibility Issues.
>Many Economist have pointed out discrepancies in data on the expenditure side.
>From the supply side, or as measured from output in agriculture industry and services GDP grew at 8.8 %
> But demand side growth based on private and government expenditure, investments and net exports was 3.7 %
>On an average the difference is about 0.5 % and on some occasions it has touched 2-3%
> The Divergence of 5.1% is at a record high and also inexplicable.
>The difference between the two is net direct Tax.
