India's GDP growth estimates may be revised by one percentage point

The purpose of the Advance Estimates is to present an early picture of the economy. But a Business Standard analysis shows that the gross domestic product will undergo significant revisions over the next three years. The average variation in growth may be as high as a percentage point over the last six years. So, Friday’s numbers projecting a 7 per cent growth may be revised by as much as one percentage point, considering past trends.

The difference between the first Advance Estimates for 2020-21, released on January 7, 2021, and the first Revised Estimates released a year afterwards was 0.82 percentage