Q3 GDP growth seems tepid only due to revisions made in earlier years: CEA

Comparing a data point that has been revised 3-4 times with another that is still called 'advanced estimate' isn't a cases if apples-to-apples but of apples-to-oranges, says V Anantha Nageswaran

A day after the October-December quarter gross domestic product (GDP) growth estimates came in lower than market expectations, Chief Economic Advisor V Anantha Nageswaran said that the figures came across as tepid only due to revisions made in earlier years, and had to be analysed in that context.

Nageswaran said to reporters that there was much misunderstanding of the data released on Tuesday evening by the National Statistical Office because it also came with revisions to the data of the previous three years.

'Let us take Private Final Consumption Expenditure (PFCE) at constant prices. The data revision to the prior