Brokerages, research houses have doubts on GDP data

The gross domestic product (GDP) data put out by the Central Statistics Office (CSO), which did not show any major impact of demonetisation in the third quarter, has taken brokerages and research houses by surprise.

They have raised doubt over efficacy of the data in capturing the impact, particularly on the unorganised sector. 

According to the data, GDP grew seven per cent in the December quarter of the current financial year against 7.4 per cent in the September quarter and 6.9 per cent a year before. 

Nomura, the financial advisory, says, “In our view, official GDP statistics are significantly underestimating