Is it possible for a government department to have a different estimate of the growth of the economy than those provided by the ministry of statistics? Recently, the Central Electricity Authority has made a projection for national electricity demand based on estimates of GDP growth which has apparently not found favour with the power ministry. A Business Standard report notes the CEA used three GDP estimates, from 6.5 to 8 per cent, to develop its demand model. Projections using a range, as the CEA has done, is a standard practice for regulators across the world.
A test check