Business Standard

Monday, December 23, 2024 | 04:43 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

GDP revision: Quarreling about the past is New Delhi's favourite pastime

Exciting new GDP variables: Under which ruling party did the growth happen...and under which party was it measured?

GDP growth
Premium

GDP growth

Andy Mukherjee | Bloomberg
Every nation’s economic output moves up or down along a long-term trend, fluctuating in accordance with seasonal patterns, business and financial cycles and random shocks.

In addition to those variables, the growth of India’s GDP now depends crucially on which party was in power when the activity occurred – and under which party it was measured.

Disagreeing about the future is for people on opposite sides of the Brexit debate, like Jacob Rees-Mogg and Bank of England Governor Mark Carney. New Delhi’s favorite pastime is quarreling about the past. That’s why, when statistics on historical GDP under a new base year were

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