NSSO finds GDP new series data faulty; 36% companies under Corporate Affairs Ministry database wrongly classified
5 years, 8 months ago

NSSO finds GDP new series data faulty; 36% companies under Corporate Affairs Ministry database wrongly classified

Firstpost  

the data of past years was recalibrated using 2011-12 as the base year instead of 2004-05 The gross domestic numbers are under scrutiny as a key database introduced in the new GDP series is found to be faulty. In November 2018, the government lowered the country’s economic growth rate during the previous Congress-led UPA regime, shaving off over 1 percentage point from the only year when India posted double-digit GDP growth post-liberalisation and from each of the three years with 9-plus percent expansion. Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office estimated that India’s GDP grew by 8.5 percent in the financial year 2010-11 and not at 10.3 per cent as previously estimated. However, a report in Mint quoting a study conducted by the National Sample Survey Office in the 12-months ended June 2017 and released last week has found that as much as 36 percent of companies that are part of the MCA-21 database of companies and are used in India’s GDP calculations could not be traced or were wrongly classified.

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History of this topic

India’s real GDP expected to rise 6.4% in FY25
2 days, 18 hours ago

India’s real GDP expected to rise 6.4% in FY25

The Hindu  

India’s real Gross Domestic Product is expected to rise 6.4% in this financial year, slowing from 8.2% in 2023-24, the National Statistics Office said on Tuesday in its first advance estimates of GDP for 2024-25. The real Gross Value Added in the Indian economy is reckoned to rise 6.4% as well, relative to a 7.2% uptick in 2023-24, with Agriculture …

On the pitfalls of estimating GDP
3 months, 2 weeks ago

On the pitfalls of estimating GDP

The Hindu  

Gross Domestic Product, or GDP, is the most significant measure of a country’s economic size. The NSO is considering using the goods and services tax data to estimate value addition, replacing the currently used Ministry of Corporate Affairs’ MCA-21 database for the Private Corporate Sector, which accounts for about 38% of GDP. Moreover, the upward revision of the industrial growth …

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters
4 months, 1 week ago

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Hindustan Times  

India's Gross Domestic Product moderated to 6.7% during the first quarter of the financial year 2024-25, compared to the 8.2% growth seen in the same quarter of the previous year, according to the data released by the Ministry of Statistics and Programme Implementation on Friday, August 30, 2024. India's GDP moderates to 6.7% in Q1 2024-25 {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} …

UNCTAD sees India’s GDP growth slip to 6.5% in 2024 vs 6.7% in 2023: ‘RBI likely to keep interest rates constant’
8 months, 3 weeks ago

UNCTAD sees India’s GDP growth slip to 6.5% in 2024 vs 6.7% in 2023: ‘RBI likely to keep interest rates constant’

Live Mint  

The United Nations Trade and Development projected that Indian economy's growth momentum will most likely decelerate in 2024 to 6.5% against the 6.7% growth recorded in the previous year. The report states, “The expansion in 2023 was driven by strong public investment outlays as well as the vitality of the services sector, which benefitted from robust local demand for consumer …

Former CEA Arvind Subramanian Questions India's GDP Surge
9 months, 3 weeks ago

Former CEA Arvind Subramanian Questions India's GDP Surge

Deccan Chronicle  

New Delhi: Former chief economic adviser Arvind Subramanian on Friday said India's latest gross domestic product or and GDP numbers are ‘absolutely mystifying’ and difficult to comprehend. His comment comes at a time when India's economy grew by better-than-expected 8.4 per cent in the final three months of 2023 — the fastest pace in one-and-half years. Elaborating further, Mr Subramanian …

Latest GDP numbers mystifying, they don't add up: Arvind Subramanian
9 months, 3 weeks ago

Latest GDP numbers mystifying, they don't add up: Arvind Subramanian

India Today  

Former chief economic adviser Arvind Subramanian on Friday said the government's GDP numbers don't add up and were "mystifying". Speaking at the 21st edition of the India Today Conclave 2024 in New Delhi, Arvind Subramanian said, "I can't understand the latest GDP numbers, they are mystifying, and don't add up. As per the latest GDP numbers, the Indian economy grew …

Facts and statistics: The Hindu Editorial on the national income data released by the National Statistical Office
10 months ago

Facts and statistics: The Hindu Editorial on the national income data released by the National Statistical Office

The Hindu  

The latest national income data released by the National Statistical Office last week have generated a fair amount of excitement as well as bewilderment. While the markets have cheered the NSO’s estimate of a robust 8.4% year-on-year growth in real gross domestic product in the October-December quarter, some economists have been hard pressed to reconcile the sharp differences of well …

India’s Q3 GDP bucks all estimates at 8.4% growth
10 months, 1 week ago

India’s Q3 GDP bucks all estimates at 8.4% growth

Hindustan Times  

The Indian economy continued to outperform, with GDP growth in the quarter ending December coming in at 8.4%, beating analyst estimates by around 180 basis points or 1.8 percentage points, and the government now expects the economy to grow by 7.6% in 2023-24, up from the 7.3% projected in January. Given the fact that GDP numbers for 2021-22 and 2022-23 …

GDP growth at 8.4 per cent in Dec quarter, PM Narendra Modi hails ‘strength, potential of Indian economy’
10 months, 1 week ago

GDP growth at 8.4 per cent in Dec quarter, PM Narendra Modi hails ‘strength, potential of Indian economy’

Hindustan Times  

Prime Minister Narendra Modi on Thursday took to social media platform X after government data showed that India's economy grew by 8.4 per cent in the December quarter. The growth rate of GDP during 2023-24 is estimated at 7.6 per cent compared to the growth rate of 7.0 per cent in 2022-23," the government statement added. The GDP at current …

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations
10 months, 1 week ago

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations

Hindustan Times  

Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent a year ago, government data showed on Thursday. India's GDP grows by 8.4 per cent in December quarter It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024. Earlier in the day, the …

Wrong to assess economic activity on GDP alone: Finance Ministry
1 year, 3 months ago

Wrong to assess economic activity on GDP alone: Finance Ministry

The Hindu  

The Finance Ministry on September 15 scotched aspersions cast by “certain sections” on the credibility of Indian GDP data, which showed a 7.8% uptick in the first quarter of this year, stressing that Indian GDP data is not seasonally adjusted and is finalised three years later so “it is wrong to look at the underlying economic activity based on GDP …

Industrial production witnesses growth of 3.7 per cent in June 2023: NSO data
1 year, 4 months ago

Industrial production witnesses growth of 3.7 per cent in June 2023: NSO data

India TV News  

A recent data released by the National Statistical Office revealed that India’s industrial production rose by 3.7 per cent in June. According to the official data, the factory output measured in terms of the Index of Industrial Production grew by 12.6 per cent in June 2022. The data released by the NSO also showed that the manufacturing sector’s output increased …

'GDP growth exemplifies tenacity of people amid global challenges': PM Modi lauds India's outstanding economic progress
1 year, 7 months ago

'GDP growth exemplifies tenacity of people amid global challenges': PM Modi lauds India's outstanding economic progress

Firstpost  

According to data released by the National Statistical Office, India’s economy will see an overall growth of 7.2 per cent in FY23. The country has witnessed steady growth among some of the fastest-growing economies including China and the US Lauding the Indian economy’s exceptional growth in Q4 FY23, Prime Minister Narendra Modi said that the latest figures by National Statistical …

India’s GDP expanded 6.1% in 2022-23’s last quarter
1 year, 7 months ago

India’s GDP expanded 6.1% in 2022-23’s last quarter

The Hindu  

India’s GDP growth accelerated to 6.1% in the January to March 2023 quarter, lifting the economy’s uptick in 2022-23 to 7.2% from the 7% estimated earlier, according to the provisional national income data released by the National Statistical Office on Wednesday. The higher-than-expected GDP growth last year could also temper growth expectations for this year, which the government and central …

India's GDP grew at 6.1% in Jan-March quarter: Govt data
1 year, 7 months ago

India's GDP grew at 6.1% in Jan-March quarter: Govt data

Hindustan Times  

India's economy grew 6.1% in the January-March quarter from a year earlier, accelerating from 4.4% in the previous quarter, government data showed on Wednesday. The National Statistical Office, under the ministry of Statistics and Programme Implementation, announced that the GDP in the last quarter of the financial year 2022-23 is estimated at ₹43.62 lakh crore, as against ₹41.12 lakh crore …

India's GDP grows at 6.1 per cent in January-March 2023: Government data | DETAILS
1 year, 7 months ago

India's GDP grows at 6.1 per cent in January-March 2023: Government data | DETAILS

India TV News  

India's GDP Growth: National Statistical Office on Wednesday released data mentioning that India's economy grew 6.1 percent in the fourth quarter of 2022-23. According to data released by the National Statistical Office, the Gross Domestic Product had expanded by 4 percent in the January-March period of 2021-22. The economy expanded 7.2 per cent in 2022-23 against a 9.1 per cent …

GDP growth may cross 7% in 2022-23: RBI Governor
1 year, 7 months ago

GDP growth may cross 7% in 2022-23: RBI Governor

The Hindu  

India’s GDP growth in 2022-23 may well surpass the 7% estimate, while retail inflation is likely to go below the 4.7% mark this month, and gross non-performing assets in the banking system have likely dipped further in the January to March 2023 quarter, Reserve Bank of India Governor Shaktikanta Das said on Wednesday. “I will not be surprised if India’s …

India's GDP growth slows to 4.4% in October-December quarter
1 year, 10 months ago

India's GDP growth slows to 4.4% in October-December quarter

India Today  

India’s GDP growth for the quarter ended December 2022 moderated to 4.4 per cent, as per government data. The data also indicated that real GDP growth for the ongoing financial year is estimated at 7 per cent. Weaker GDP growth in the third quarter could also impact the central government’s GDP growth projections for the full financial year ending March …

Number Theory: What does the Economic Survey tell us about the Budget?
1 year, 11 months ago

Number Theory: What does the Economic Survey tell us about the Budget?

Hindustan Times  

What does the 2022-23 Economic Survey -- it was tabled in Parliament on January 31 -- tell us about the Union Budget? UNION BUDGET 2023: FULL COVERAGE The moderation in nominal growth is more because of a decline in inflation rather than a fall in real GDP growth, which as per survey’s baseline projection is likely to be 6.5% next …

What the GDP numbers say
2 years, 1 month ago

What the GDP numbers say

Hindustan Times  

September quarter Gross Domestic Product numbers, which were released on November 30, are in perfect sync with the Reserve Bank of India ’s projection of 6.3%. If inflation continues to moderate — most forecasters, including RBI, believe that it will — and there is a sincere, even if gradual step towards fiscal consolidation in the forthcoming Budget, India will continue …

India on course to achieve 7% growth in FY23: Finance Secretary TV Somanathan
2 years, 4 months ago

India on course to achieve 7% growth in FY23: Finance Secretary TV Somanathan

Live Mint  

Finance Secretary TV Somanathan told reporters in New Delhi that India's economy will grow at more than 7% in current financial year. On GST collection for the month of August, Economic Affairs Secretary Ajay Seth said it's expected to be in range of ₹1.42-1.43 lakh crore, in signs of buoyancy in economy. Economists said Asia's third-largest economy faced downward risks …

India's GDP grew at 13.5% in Q1 FY23, fastest in a year
2 years, 4 months ago

India's GDP grew at 13.5% in Q1 FY23, fastest in a year

Hindustan Times  

India's Gross Domestic Product in the first quarter of the fiscal year grew by 13.5 per cent, as against a 20.1 per cent growth seen during the same period last year, data released by the National Statistical Office showed on Wednesday. According to rating agency Icra, the GDP was likely to grow at 13 per cent while the State Bank …

Nirmala Sitharaman's projection for India's GDP: ‘7.4% economic growth in current, next fiscal’
2 years, 4 months ago

Nirmala Sitharaman's projection for India's GDP: ‘7.4% economic growth in current, next fiscal’

Hindustan Times  

India's gross domestic product would grow at 7.4% in the current fiscal and continue at the same level in the next fiscal as well, Union finance minister Nirmala Sitharaman projected on Friday. "Our own estimates have also shown based on the developments, that we are definitely at that range.7.4%, and that level would continue even next year," Sitharaman said in …

GDP grew 8.7% in 2021-22 against 6.6% in previous fiscal: Govt
2 years, 7 months ago

GDP grew 8.7% in 2021-22 against 6.6% in previous fiscal: Govt

India TV News  

Highlights Indian economy expanded by 8.7 per cent in 2021-22 against a 6.6 per cent contraction in 2020-21. The GDP grew by 4.1 per cent in the fourth quarter of 2021-22, showed govt data. India's economy grew by 4.1 per cent in the fourth quarter of 2021-22, pushing up the annual growth rate to 8.7 per cent, official data showed …

GDP grew 5.4% in Q3, as construction and manufacturing take a hit
2 years, 10 months ago

GDP grew 5.4% in Q3, as construction and manufacturing take a hit

The Hindu  

India’s gross domestic product is estimated to grow at 8.9% in 2021-22 instead of 9.2% estimated earlier, with year-on-year growth in the October to December 2021 period slipping to 5.4% from 8.5% in the previous quarter, as per the second advance national income estimates released on Monday. India’s GDP had shrunk 6.6% in 2020-21, with the first half of the …

Economic Survey: Growth projected at 8-8.5% in 2022-23; economic activity recovers to pre-pandemic level
2 years, 11 months ago

Economic Survey: Growth projected at 8-8.5% in 2022-23; economic activity recovers to pre-pandemic level

India TV News  

Highlights Economic Survey pegs GDP growth in 2021-22 at 9.2 per cent It says that widespread vaccine coverage to support growth in next fiscal It says private sector investment to pick with financial system in good position to provide support Finance Minister Nirmala Sitharaman on Monday presented the Economic Survey that details the state of the economy ahead of the …

India's GDP grows by 0.4% in 3rd quarter, exits contraction phase
3 years, 10 months ago

India's GDP grows by 0.4% in 3rd quarter, exits contraction phase

India Today  

The Indian economy has finally bounced back into growth territory, ending technical recession, in the October-December period after two consecutive quarters of GDP contractions. In its first advance estimates released in January, it had projected a contraction of 7.7 per cent for the current fiscal as against a growth of four per cent in 2019-20. Economists and research firms had …

At -23.9%, India's first-quarter GDP data worst in history: A look at past numbers
4 years, 4 months ago

At -23.9%, India's first-quarter GDP data worst in history: A look at past numbers

India Today  

India's June quarter Gross Domestic Product contraction - economy's steepest contraction on record - shows the impact of the lockdown is way higher than what the experts had anticipated. Manufacturing growth at -39.3%, Mining growth at -23.3%, Construction growth at -50%, Trade & hotel industry one of the worst affected due to the pandemic is at -47%. Manufacturing, construction, trade, …

Fixing India’s broken growth barometer key to revival
4 years, 5 months ago

Fixing India’s broken growth barometer key to revival

Live Mint  

After being conferred the first P C Mahalanobis Award in Official Statistics for lifetime achievements by India’s statistics ministry a few weeks ago, former Reserve Bank of India Governor, C. Rangarajan had one big message for his hosts: end the controversy around GDP calculations. The great Indian GDP paradox The GDP series suggests that India’s economic boom in the 2005-11 …

How growth reshaped India’s destiny, and why we need an encore
4 years, 5 months ago

How growth reshaped India’s destiny, and why we need an encore

Live Mint  

The pandemic-induced recession has brought back memories of 1979, when India’s GDP contracted by more than 5 percent for the first time since independence. And if the GDP growth rate were to revert to the pre-1979 trajectory of 3 percent per annum, it would take nearly 30 years for India’s per capita income to double. India’s growth process over the …

Opinion | The government’s tight fist has given our economy a body blow
4 years, 6 months ago

Opinion | The government’s tight fist has given our economy a body blow

Live Mint  

More bad news about the economy surfaced last month. However, during the last three years of the United Progressive Alliance 2 regime, 2011-12 to 2013-14, GDP growth slowed down to 5.5% per annum, as the government did little except hope and pray for inflation to slow down and growth to revive. The first three years of the Narendra Modi government, …

Nirmala Sitharaman says ‘steadiness’ in economy is a good sign
4 years, 10 months ago

Nirmala Sitharaman says ‘steadiness’ in economy is a good sign

The Hindu  

Finance Minister Nirmala Sitharaman on Friday said the “steadiness” in the economy is a good sign, soon after the official data showed the December quarter GDP growth at 4.7%. On the impact of coronavirus on the economy, she said there is no need to immediately press the “panic button”, but admitted that it may get challenging if the issues prolong …

With Q3 GDP growth at 4.7%, Finance Minister Nirmala Sitharaman says ’steadiness’ in economy is a good sign
4 years, 10 months ago

With Q3 GDP growth at 4.7%, Finance Minister Nirmala Sitharaman says ’steadiness’ in economy is a good sign

Live Mint  

Finance Minister Nirmala Sitharaman on Friday said the "steadiness" in the economy is a good sign, soon after the official data showed the December quarter GDP growth at 4.7 per cent. India's economic growth slowed to 4.7 per cent in October-December 2019, according to official data released on Friday. Sitharaman said the government is "pushing the banks like never before" …

India's GDP growth slips to 4.7 per cent in December quarter
4 years, 10 months ago

India's GDP growth slips to 4.7 per cent in December quarter

India TV News  

India's economic growth slowed to 4.7 per cent in October-December 2019, according to official data released on Friday. The Gross Domestic Product growth was registered at 5.6 per cent in the corresponding quarter of 2018-19, as per the data released by the National Statistical Office. The GDP growth rate for the first quarter of 2019-20 was revised to 5.6 per …

Economic Survey 2020: CEA K Subramanian takes on predecessor Arvind Subramanian for questioning India’s GDP numbers
4 years, 11 months ago

Economic Survey 2020: CEA K Subramanian takes on predecessor Arvind Subramanian for questioning India’s GDP numbers

Firstpost  

The Economic Survey has projected a 6-6.5% GDP growth for 2020-21. One interesting thing in the Economic Survey 2020 is that Chief Economic Adviser Krishnamurthy Subramanian has devoted an entire chapter to play down the doubts raised by his predecessor, Arvind Subramanian on the accuracy of the country’s GDP estimates. In 2019, former CEA Arvind Subramanian had triggered a controversy …

Economic Survey 2019-20 highlights: Back to Adam Smith's Invisible Hand
4 years, 11 months ago

Economic Survey 2019-20 highlights: Back to Adam Smith's Invisible Hand

The Hindu  

India's Economic Survey 2019-20 was tabled in the Parliament on Friday by Finance Minister Nirmala Sitharaman. While the 2018-19 survey started with Dr. Richard Thaler's famous 'nudge' principle to effectively implement policies that drive behavioural change, the 2019-20 survey has shifted focus to Adam Smith's 'invisible hand' for wealth creation. Here are the highlights of Economic Survey FY20: Economy Amidst …

Economic Survey pegs GDP growth at 6-6.5% in next fiscal
4 years, 11 months ago

Economic Survey pegs GDP growth at 6-6.5% in next fiscal

The Hindu  

The Economic Survey 2019-20 projects India’s economy to grow in the range of 6-6.5% in the next financial year, while asking the government to use its strong mandate to deliver expeditiously on reforms. “On a net assessment of both the downside/upside risks, India’s GDP growth is expected to grow in the range of 6-6.5% in 2020-21,” as per the Survey …

Gross Domestic Panic: Rating agencies slice India's GDP growth by 1.5%
5 years, 1 month ago

Gross Domestic Panic: Rating agencies slice India's GDP growth by 1.5%

India Today  

With recession, job loss and companies winding up operations, 2019 has proved to be a bad year for India's economy. With consecutive declines for six quarters, the expectations of almost all major financial institutions and rating agencies for India's GDP growth have also come down. India Today Data Intelligence Unit compared the GDP forecast figures announced by rating agencies at …

GDP growth at six-year low: Case of quacks turning into surgeons, says Congress; DMK asks BJP to address 'real issues'
5 years, 4 months ago

GDP growth at six-year low: Case of quacks turning into surgeons, says Congress; DMK asks BJP to address 'real issues'

Firstpost  

Congress asked on Twitter if the GDP growth of 5 percent was even accurate, while its spokesperson Sanjay Jha claimed that the real GDP was at 3 percent or maybe even lower. — Sanjay Jha August 30, 2019 Calling it a classic case of quacks turning into surgeons, Congress communications in-charge Randeep Singh Surjewala said that the “myopic BJP government” …

GDP growth drops to 5% from 5.8% last quarter, at 6-year low
5 years, 4 months ago

GDP growth drops to 5% from 5.8% last quarter, at 6-year low

India Today  

The Gross Domestic Product growth for the first quarter of the financial year 2019-20 dropped to five per cent, a sharp decline of 0.8 per cent points compared to the last quarter that ended in March. The GDP at Constant Prices in Q1 of 2019-20 is estimated at Rs 35.85 lakh crore, as against Rs 34.14 lakh crore in Q1 …

India's GDP likely to grow 7.4% this fiscal, 7.6% in 2019-20: UN report
5 years, 6 months ago

India's GDP likely to grow 7.4% this fiscal, 7.6% in 2019-20: UN report

India Today  

The Indian economy is expected to grow at 7.4 per cent in the current fiscal and its GDP growth will rise to 7.6 per cent in 2019-20, before tapering down to 7.4 per cent in 2020-21, according to a UN report released on Wednesday. The report United Nations' World Economic Situation and Prospects 2019 said that India's growth continues to …

Parley | Is India overestimating its economic growth?
5 years, 6 months ago

Parley | Is India overestimating its economic growth?

The Hindu  

Former Chief Economic Adviser Arvind Subramanian recently claimed in a paper that India’s GDP growth from 2011-12 to 2016-17 was likely to have been overestimated. Sharad Raghavan, Pronab Sen, former Chief Statistician of India, and R. Nagaraj, professor at the Indira Gandhi Institute of Development Research, discuss the methodology in calculation of GDP growth. Then he assumes that that relationship, …

India's GDP growth overestimated by 2.5 percent, says former CEA; Government rubbishes claim
5 years, 6 months ago

India's GDP growth overestimated by 2.5 percent, says former CEA; Government rubbishes claim

India TV News  

Former chief economic adviser Arvind Subramanian has deduced in a new research paper that India may not have been the world's fastest growing economy between 2011-12 and 2016-17 as its GDP growth rate was overestimated, a claim the government quickly rubbished saying its estimates were based on accepted procedures and methodologies. India's gross domestic product growth rate between this period …

India’s GDP growth overestimated by 2.5 percentage points, says former CEA Arvind Subramanian
5 years, 6 months ago

India’s GDP growth overestimated by 2.5 percentage points, says former CEA Arvind Subramanian

The Hindu  

Former Chief Economic Adviser Arvind Subramanian has said India’s GDP growth in the period 2011-12 to 2016-17 is likely to have been over-estimated, and the tag of fastest-growing major economy may not hold. In total, Mr Subramanian looked at 17 such indicators and found that “the correlations between most indicators and GDP growth broke down in the post-2011 period”. “Under …

India's GDP growth overestimated by 2.5%, says former chief economic adviser Arvind Subramanian
5 years, 6 months ago

India's GDP growth overestimated by 2.5%, says former chief economic adviser Arvind Subramanian

India TV News  

Arvind Subramanian, Narendra Modi government's former chief economic adviser, has deduced that India's economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology for calculating GDP. India's gross domestic product product growth rate between this period should be about 4.5 per cent instead of the official estimate of close …

India's GDP growth overestimated by 2.5% between FY12 and FY17: Ex-CEA Arvind Subramanian
5 years, 6 months ago

India's GDP growth overestimated by 2.5% between FY12 and FY17: Ex-CEA Arvind Subramanian

India Today  

Former chief economic advisor Arvind Subramanian may have revived the debate on GDP growth figures as he revealed findings of his recent research paper, where he mentioned that India's growth between 2011-12 and 2016-17 were overestimated. Subramanian mentioned said methodological changes in calculating GDP have led to overestimating GDP growth by at least 2.5 per cent per year between FY12 …

India GDP growth numbers a ‘significant overestimation,’ former adviser says
5 years, 6 months ago

India GDP growth numbers a ‘significant overestimation,’ former adviser says

CNN  

New Delhi CNN Business — Arvind Subramanian was the top economic adviser to the Indian government. A change in the method used to calculate India’s GDP led to “a significant overestimation of growth,” Subramanian writes in a research paper published by Harvard’s Center for International Development. He found those indicators diverged sharply from the government’s growth numbers after 2011,the first …

The great Indian GDP debate, explained in five charts
5 years, 7 months ago

The great Indian GDP debate, explained in five charts

Live Mint  

A month after statisticians from the National Sample Survey Office published a report exposing holes in one of the key databases used in India’s gross domestic product calculations the controversy around India’s new GDP series refuses to die down, with several economic commentators continuing to raise questions on India’s GDP numbers and the official statistical machinery. These results meant that …

India’s GDP grew by 6.8% in the last financial year, quarterly rate fell below 6% in the last quarter
5 years, 7 months ago

India’s GDP grew by 6.8% in the last financial year, quarterly rate fell below 6% in the last quarter

Op India  

The Ministry of Statistics & Programme Implementation has released the provisional estimates of GDP for the financial year 2018-19. The GDP growth rate for the financial year 2018-19 was 6.8% at constant price, and 11.2% at the current price. Period Constant Prices Current Prices Financial year 2018 -19 6.8 11.2 Q1 2018-19 8.0 12.6 Q2 2018-19 7.0 12.0 Q3 2018-19 …

Government fooling people on GDP data: Chidambaram
5 years, 8 months ago

Government fooling people on GDP data: Chidambaram

India TV News  

Congress leader P. Chidambaram on Wednesday alleged that the BJP-led government had tried to fool people that the GDP growth is much higher than that of UPA and it was a scam. He said NSSO data shifted the base year which is not unusual but the CSO data shifted the base year gave up RBI data base and switched over …

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