Improved measurement for macroeconomic policy: Three problems and three solutions
Former chief economic advisor Arvind Subramanian claims that India's economic growth was overestimated by nearly 2.5 percentage points in the 2011-17 period.
India's level of economic output may be overstated by anywhere between 9 per cent and 21 per cent
Economists and investors are now voting with their feet - by using alternative sources of data and in some cases creating their own benchmarks to measure the Indian economy
We must improve our statistical systems or be condemned to make policy in the smoky haze of inadequate and politically filtered data
Mohanan and Meenakshi cited the withholding of the publication of the NSSO's employment survey for 2017-18 and a lack of consultation with the Commission before releasing the backdated GDP series
The CSO has revised the growth figure for 2016-17 from earlier estimate of 7.1 per cent
The revised GDP numbers for 2018-19 come a day before the govt presents the Interim Budget 2019
In contrast to narratives, facts and fact-based presentations are messy, often delayed, and convey many conflicting messages
Subramanian stressed that institutions that do not have technical expertise in calculating GDP data should not be involved in the process, apparently referring to the NITI Aayog
CSO has increased the GDP deflator by nearly 90 basis points in the series, thus bringing down growth at constant prices
Even as headline GDP growth slows, the pickup in investments is making it more balanced
Govt should withdraw the flawed back series of GDP data
Growth in the second quarter has come in below RBI's estimate of 7.4%
It is difficult to draw a correlation between some economic indicators and GDP growth, says Srivastava
Economists don't agree with the finance ministry's optimism that the economy is on track
Whatever the claims about the new GDP numbers being technically superior to earlier estimates, their public credibility depends on their passing some reality checks, writes T N Ninan
GDP figures for October-December 2018 quarter will reflect both the stress in the financial services sector as also the corporate sector's festival earnings.
The farm sector may hold the clue for the delta in GDP growth, both in terms of providing output as well as consumption expenditure
The latest official numbers on the price of agricultural produce gives an idea of what's fueling the farmers' protest in Delhi.