Business Standard

Advance Estimates for GDP: How accurate have they been over the years?

Advance Estimates have accurately projected the real GDP growth rate in three of the past 12 years

Indian economy, GDP
Premium

The growth rate was actually higher than the Advance Estimate for 2009-10

Indivjal Dhasmana
Advance Estimates have accurately projected the real GDP growth rate in three of the past 12 years. In 2017-18, the second Advance Estimate was accurate, while the first one was not.
 
The growth rate was actually higher than the Advance Estimate for 2009-10. The first and second Advance Estimates were the same for 2019-20, but turned out to be wrong when the actual number came. It was probably because the first Advance Estimate came out on January 6 when the impact of Covid-19 was difficult to gauge.


 
However, the second Advance Estimate, presented on February 28,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in