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GDP numbers for FY17 likely to be revised from 6.7% to 7.4%: Nomura report

Industrial production is input in estimating gross value added for unorganised manufacturing sector

Press Trust of India  |  New Delhi 

The new series for industrial production and wholesale prices suggest that the GDP numbers for financial year 2016-17 could be revised up from 6.7 per cent to 7.4 per cent, says a Nomura report. The Central Statistical Office (CSO) revised India's wholesale price index (WPI) and industrial production (IP) series last week, changing the base year to 2011-12 (from 2004-05). Industrial production is an input in estimating gross value added for the unorganised manufacturing sector, while WPI is used as a deflator for deriving real GVA values from nominal data. "We estimate ...

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First Published: Thu, May 18 2017. 12:13 IST
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