Subhash Chandra Garg cherry-picking figures from two different bases: CBIC

Subhash Chandra Garg, a former government official, has been accused of selectively using data to make a point about India's GST collections. He had questioned the government's claim of high growth in GST revenue, pointing out that the comparison was based on different bases - one that included compensation cess and another that did not. This criticism is significant because it highlights the importance of using consistent data when making economic comparisons.

Why it matters

The controversy over GDP growth estimates does not provide clear direction for markets. The government's growth claims are being questioned by a former official, which may lead to a reevaluation of the country's economic performance.

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