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SBI defends 7.8% GDP growth, explains controversy over revised data

SBI has defended India’s 7.8% GDP growth for April-June 2026-27, saying comparisons with unrevised figures from the old GDP series are incorrect.

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State Bank of India researchers have pushed back against questions surrounding India’s latest GDP growth figures, arguing that comparisons based on figures from the old GDP series have created an incorrect picture of economic growth.

India recorded 7.8% GDP growth in the April-June quarter of 2026-27, according to the latest data released on August 31. The figure has prompted debate over the impact of the change in the GDP base year and the subsequent revision of earlier figures.

SBI explains the GDP data revision

Soumya Kanti Ghosh, Group Chief Economic Adviser at SBI and a member of the 16th Finance Commission, said the latest figures need to be assessed using the revised GDP series.

According to Ghosh, the National Statistical Office had used 2011-12 as the GDP base year when it released figures for the April-June quarter of 2025-26 last year. At that time, nominal GDP for the quarter was reported at around Rs 86.1 lakh crore.

Following the introduction of the new GDP series with 2022-23 as the base year, the corresponding figure for the previous year was revised to around Rs 80.4 lakh crore.

The latest nominal GDP for the April-June quarter of 2026-27 stands at Rs 88.3 lakh crore, which forms the basis for the reported 7.8% growth rate.

SBI economist rejects 2.6% growth interpretation

Ghosh said some estimates had arrived at a growth rate of around 2.6% by comparing the latest nominal GDP figure of Rs 88.3 lakh crore with the earlier, unrevised figure of Rs 86.1 lakh crore.

He described this comparison as inappropriate and said the latest figure should instead be compared with the revised figure for the corresponding quarter under the new GDP series.

SBI’s research also argued that GDP revisions are a normal part of the statistical process and are made to incorporate newer information and factors into the estimates.

GDP revisions can move in both directions

Ghosh said revisions to GDP data are not necessarily downward. According to him, historical quarterly data show that revisions can occur in both upward and downward directions, although they have mostly been upward.

He also cited an earlier revision in which GDP growth under the old series was initially estimated at 9.2% before being revised to 7.2%.

Ghosh said GDP figures should be examined carefully and rigorously rather than being rejected simply because the revised numbers differ from earlier estimates.

The SBI research comes amid questions raised by former Reserve Bank of India governor Raghuram Rajan, former finance secretary Subhash Chandra Garg and some Congress leaders over the latest GDP numbers.

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5 Killed in Manipur as recovery Of 2 bodies triggers protests in Kangpokpi

Five Kuki men were killed in two separate incidents in Manipur’s Kangpokpi and Noney districts. The recovery of two missing men’s bodies triggered protests, clashes with security forces and a shutdown in Kangpokpi.

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Manipur

Fresh violence has erupted in Manipur after five Kuki men were killed in two separate incidents in Kangpokpi and Noney districts. The recovery of two missing men’s bodies in Kangpokpi on Sunday triggered protests and clashes between demonstrators and security forces, further escalating tensions in the region.

The two incidents took place on Saturday and Sunday. While three men were killed in a reported exchange of gunfire between two unidentified armed groups in Noney district on Saturday, the bodies of two missing men were recovered during a joint security operation in Kangpokpi on Sunday.

Two missing Kuki men found dead in Kangpokpi

The two deceased men were identified as Paoginlal Hangsing and Tinginlun Chongloi, both aged 20. They had gone missing from Taphou Kuki village on October 28.

Their disappearance had prompted the Committee on Tribal Unity (CoTU), Sadar Hills, to announce a shutdown across Kangpokpi district.

According to the Manipur Police Control Room, multiple search operations were launched after the two men went missing.

On Sunday, a joint team comprising Manipur Police, the Commando Battalion for Resolute Action (CoBRA), the Central Reserve Police Force (CRPF), Assam Rifles and the Rapid Action Force (RAF) conducted an extensive search operation in the area east of National Highway-2 along the SP Road.

The operation resulted in the recovery of two bodies. Official sources subsequently confirmed that they belonged to the missing men.

The bodies were initially taken to Kangpokpi District Hospital, where large crowds gathered after their deaths were confirmed.

Protests and clashes erupt in Kangpokpi

The recovery of the bodies triggered protests and clashes in Kangpokpi, prompting security forces to step up efforts to control the situation.

As tensions escalated, police shifted the bodies to the Superintendent of Police’s office in Kangpokpi. Demonstrators continued their protest, following which security personnel fired several rounds of tear gas shells to disperse the crowds.

Protesters also blocked National Highway-2, while shops, business establishments and private institutions across the district remained closed as part of the shutdown called by CoTU.

The organisation subsequently announced that it would not claim the bodies of the two men until the government fulfilled its demands, including the immediate removal of Deputy Chief Minister Losii Dikho.

CoTU spokesperson Ng Lun Kipgen said the shutdown had been extended by another 24 hours on Saturday in the hope that Dikho would intervene with people in Senapati district to secure the safe release of the two missing Kuki-Zo youths.

However, the two men were later found dead.

Three Kuki men killed in separate Noney incident

In a separate incident on Saturday, three Kuki men were killed in a reported exchange of gunfire between two unidentified armed groups at Kekru Naga village in Manipur’s Noney district.

The village falls under Nungba Police Station and is located approximately eight kilometres from the police station.

The deceased were identified as Thanglensang Singson, Thangkhosei Haokip and Lamminsang Kipgen.

Thanglensang Singson originally belonged to Maojang village and was residing at Tuinom in Thanlon subdivision of Churachandpur district.

Thangkhosei Haokip was a resident of Thinghibung village in Henglep subdivision of Churachandpur district, while Lamminsang Kipgen hailed from Phaibong village in the same subdivision.

Local sources said tensions had been building in the surrounding areas for several days before the fatal incident. However, the specific circumstances that led to the exchange of gunfire remain unclear.

Kuki tribal body alleges involvement of armed groups

Kuki Inpi Manipur (KIM), the apex body of the Kuki tribes, condemned the killings and alleged that cadres of the NSCN-IM and ZUF(K) were responsible.

The organisation also alleged that the bodies of the deceased had been desecrated. It accused the authorities of failing to provide adequate security to vulnerable Kuki-Zo settlements in Noney district and demanded accountability and immediate measures to protect civilians.

However, the allegations against NSCN-IM and ZUF(K) have not been independently verified. Police have not identified those responsible for the killings.

Police said necessary legal formalities and other procedures were underway. Search and combing operations would continue to identify and apprehend those responsible.

The circumstances surrounding the deaths of the two missing men in Kangpokpi and the three killings in Noney remain under investigation.

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Odisha braces for Cyclone Murasu after Arnab leaves 6 dead

Odisha is preparing for Cyclone Murasu, which is expected to make landfall along the Andhra Pradesh coast on November 3. Meanwhile, the death toll from Cyclone Arnab has risen to six, with 10 people still missing.

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Cyclone

Odisha has stepped up its preparations for another cyclonic storm as Cyclone Murasu approaches the neighbouring Andhra Pradesh coast, even as the state continues to deal with the destruction caused by Cyclone Arnab and subsequent floods.

The death toll from Cyclone Arnab in Odisha rose to six on Sunday after two more bodies were recovered from a landslide-hit village in the southern part of the state. Ten people remain missing, with search operations underway to trace them.

According to Special Relief Commissioner Rajesh P Patil, Cyclone Arnab, which made landfall in Andhra Pradesh on October 28, and the subsequent floods have affected around 1.18 lakh people in Odisha. The disaster has also affected 75,388 hectares of agricultural land and damaged 1,672 houses.

Cyclone Murasu likely to hit Andhra Pradesh on November 3

According to the India Meteorological Department (IMD), Cyclone Murasu is expected to intensify into a very severe cyclonic storm before making landfall between Nellore and Narsapur in Andhra Pradesh on the intervening night of November 2 and 3.

The storm is likely to bring wind speeds of 100-110 kmph, with gusts reaching 120 kmph.

India has named the cyclone Murasu, which means ‘war drum’.

Manorama Mohanty, Director of the Meteorological Centre in Bhubaneswar, said Odisha would begin receiving rainfall from November 2, with its intensity expected to increase on November 3. Rainfall is likely to continue until November 4 under the influence of the cyclone.

Six dead, 10 missing after Cyclone Arnab

The death toll from Cyclone Arnab increased to six following the recovery of two bodies from a landslide-affected village in southern Odisha. Officials said search operations were continuing for 10 missing people.

The hilltop village of Gidipabali, located along the border of Ganjam and Kandhamal districts, was severely affected by a massive landslide triggered by cyclone-induced rainfall.

The village, which was home to around 26 people, was buried under sludge and debris that cascaded down the hills and destroyed houses.

At least 13 people who managed to escape the landslide have been shifted to a relief centre near G Udaygiri, Kandhamal District Collector Vedbhusan said.

Special Relief Commissioner Rajesh P Patil said at least 10 landslide incidents had been reported during Cyclone Arnab, making them a major challenge for the state.

Odisha steps up preparations for fresh cyclone

With another storm approaching, the Odisha government has intensified its preparations, particularly in the southern districts that were badly affected by Cyclone Arnab.

Disaster Management Minister Suresh Pujari said the government was fully prepared to deal with the approaching cyclone and urged people not to panic.

The state has issued a high alert in its southern region, including Ganjam district. Authorities have also ordered the evacuation of people living in low-lying areas and hilly terrain before Cyclone Murasu makes landfall.

Some districts in southern Odisha have announced the closure of schools and colleges until November 3.

Meanwhile, more than 6,400 personnel have been deployed to accelerate the restoration of electricity supply in cyclone-affected areas.

Mohan Majhi announces relief package for affected families

Odisha Chief Minister Mohan Charan Majhi conducted an aerial survey of the flood-affected areas and announced a special relief package for affected families.

Under the package, each family affected by the floods in the southern region will receive 50 kg of rice and Rs 2,500. Financial assistance will also be provided for crop losses, house damage and livelihood-related losses.

Majhi said the relief package would be reviewed after assessing the damage caused by Cyclone Murasu.

He also said disaster response teams were on standby, vulnerable low-lying areas were being monitored and fishermen had been strictly advised against venturing into the sea.

Additionally, an eight-member inter-ministerial central team will visit Odisha from November 2 to 4 to assess the damage caused by Cyclone Arnab.

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Kiren Rijiju mocks Congress over AI-generated Ramlila Maidan crowd photo

Union Minister Kiren Rijiju took a swipe at Congress over an alleged AI-generated photograph showing a massive crowd at the INDIA bloc’s Ramlila Maidan rally, questioning the authenticity of the image.

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Union Parliamentary Affairs Minister Kiren Rijiju has taken a dig at the Congress over an alleged AI-generated photograph showing a massive gathering at the INDIA bloc’s rally at Delhi’s Ramlila Maidan.

In a post on X on Sunday, Rijiju accused the Congress of sharing an artificially generated image to create the impression that the venue was packed with supporters. Taking a swipe at the party, he suggested that even the purported AI-generated photograph had not been created properly.

“Even the fake AI photo to show that Ramlila ground was full is not done properly by the fake narrative team of Congress Party!” Rijiju wrote.

His remarks came after the INDIA bloc organised a rally at Ramlila Maidan on November 1, bringing together several Opposition leaders to protest against alleged irregularities in electoral rolls and the Special Intensive Revision (SIR) exercise.

BJP questions Congress’s claim of 10 lakh attendees

The controversy over the photograph came amid a political dispute between the BJP and Congress over the number of people who attended the Opposition rally.

Ahead of the gathering, the INDIA bloc had projected an attendance of around 10 lakh people. However, BJP leaders questioned the claim following the event.

BJP MP Sambit Patra alleged that a significant portion of Ramlila Maidan remained vacant during the rally. He claimed that around 5,000 to 7,000 chairs out of the 28,000 at the venue were unoccupied between 3:30 pm and 4 pm.

Patra also claimed that approximately 40 per cent of the ground was empty, questioning the Opposition’s projected attendance figure.

These claims formed part of the BJP’s criticism of the rally’s turnout.

INDIA bloc rally targeted Election Commission

The November 1 gathering was organised by the INDIA bloc to protest against alleged irregularities in the functioning of the Election Commission and the SIR exercise.

The Opposition’s demands included accountability over the electoral roll revision process and the resignation of Chief Election Commissioner Gyanesh Kumar.

Several prominent Opposition leaders attended the gathering, including Congress leader Rahul Gandhi, party president Mallikarjun Kharge, Trinamool Congress chief Mamata Banerjee and Samajwadi Party president Akhilesh Yadav.

During his address, Rahul Gandhi accused the Chief Election Commissioner of facilitating alleged vote theft and said the Opposition would continue its fight to protect the Constitution through peaceful and democratic means.

The rally and the subsequent exchanges between BJP and Congress leaders brought the dispute over electoral rolls and crowd attendance into sharper political focus.

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