Whether the CSO's methodology was appropriate is a technical debate among statisticians, says the former chief statistician
The range of GVA growth rate is 7.1 per cent to 7.4 per cent against 8 per cent in the first quarter
The GDP always has a base year, which defines the composition of the economy in that year. As the composition changes, the base year needs to be revised regularly
Gross fixed capital formation, which connotes investment in the economy, had touched a high of 35.8 per cent in 2007-08, declining thereafter to 28.5 per cent in 2017-18
NDA and UPA should stop gloating over growth and focus on jobs
Niti Aayog Vice-Chairman Rajiv Kumar Thursday accepted the challenge of former finance minister P Chidambaram for a debate on the revised GDP data which showed economic growth during the current NDA regime was better than that in the UPA rule. "Hon. @PChidambaram_IN Ji,challenge accepted. Let's discuss & dissect back series data. I gave 3 hrs of detailed interview yesterday & it is somewhat disingenuous of you to say that I asked the media to not ask questions. Do give more coherent reasons for ur difficulty with new data," Kumar said in a tweet. He was responding to Chidambaram who sought had a debate with Kumar over the new set of data. "I wonder if Niti Aayog Vice Chairman Rajiv Kumar will agree to a debate the data than telling journalists that their questions are "undeserving of an answer," Chidambaram had tweeted. Through more tweets, Kumar also stressed that Niti Aayog uses data extensively for making logical policy recommendations and the data is always based on ...
A top source in the government said the controversy could have been avoided by keeping out the NITI Aayog from the announcement press conference
This is contrary to the upward revision in previous years that the report prepared by a committee of the National Statistical Commission had demonstrated
As per the data released by the Central Statistics Office (CSO), the economy in 2010-11 grew by 8.5 per cent and not 10.3 per cent estimated earlier.
We had demanded that the back series data of GVA and GDP should be calculated and released, said Congress
Sources in government said it was cautious about the data since it pertains to economic growth during previous governments as well
Expectation of 6.8% against 6.1% in Q2
With better enforcement of a newly amended law and the GST roll-out, collection of GDP data should improve
Expenditure side of GDP data shows rather than contracting, 'change in stocks' grew by 1.2% in Q1
He says necessity for GST was long felt and it will facilitate much faster growth
GVA decline can be due to late impact of demonetisation and destocking activities undertaken pre-GST
The effect of demonetisation continues to linger, especially on industry and consumption
The Economic Survey had projected a growth of 6.75% to 7.5% for 2017-18
GVA down to 5.6%, against 7.6% in the year-ago period
Mining was expected to contract by 1.8% in FY17, but ended up growing by 1.8%