GVA
Granite Construction Inc.
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The new 2022-23 series cut the size of the economy by about 3%. Nominal GDP for recent years was revised down, not up. That is the opposite of a whataboutary .
Q1 real GVA at 8.2% also has to live next to data government does not invent each quarter:Bank credit ~17–18%
GST e-way bills still double-digit
Manufacturing PMI above 50
IIP capital goods +15.2%
Cement +8.9%, steel consumption +8.3%
PV / 3W / goods-vehicle registrations strong
SBI’s tracker: 86% of 50 high-frequency indicators accelerated in Q1
Those are tax, bank, factory and transport prints. Not a passed down. Not a press-note number. Fake numbers don’t usually overshoot the central bank.

The new 2022-23 series cut the size of the economy by about 3%. Nominal GDP for recent years was revised down, not up. That is the opposite of a whataboutary .
Q1 real GVA at 8.2% also has to live next to data government does not invent each quarter:Bank credit ~17–18%
GST e-way bills still double-digit
Manufacturing PMI above 50
IIP capital goods +15.2%
Cement +8.9%, steel consumption +8.3%
PV / 3W / goods-vehicle registrations strong
SBI’s tracker: 86% of 50 high-frequency indicators accelerated in Q1
Those are tax, bank, factory and transport prints. Not a passed down. Not a press-note number. Fake numbers don’t usually overshoot the central bank.