Quarterly GDP numbers present

Congress leader Jairam Ramesh on Monday said that the latest GDP figures present a "Greatly Distorted Picture of the economy" and that consumer confidence is "very sluggish", prices of household essentials are galloping and educated unemployment is at alarming levels. In a post on X, he said that the wealth of India's five richest families has grown by 400% while the real wages of salaried workers have fallen. The government data released on Monday said that India saw GDP growth of 7.8% during Q1 of FY 2026-27. "The quarterly GDP numbers, such as they are reported, present a GDP - Greatly Distorted Picture - of the economy. They do not conve…