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Raghuram Rajan takes a U-turn, says never doubted new GDP numbers

New Delhi: There is importance attached to every word a central banker says, not just in India but in every country.

Therefore, a day after stating that "there are problems with the way we count GDP," Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said he has never raised doubts over the GDP numbers and they are broadly correct.

Observing that there are "no hidden messages" in his lectures, Rajan said: "You do not have to gauge intent. I am direct when I speak."

On Thursday, Rajan gave a lecture in Mumbai before the students of the RBI-promoted Indira Gandhi Institute of Development Research, where he had said, "There are problems with the way we count GDP which is why we need to be careful sometimes just talking about growth."