Growth in the second quarter has come in below RBI's estimate of 7.4%
It is difficult to draw a correlation between some economic indicators and GDP growth, says Srivastava
Economists don't agree with the finance ministry's optimism that the economy is on track
Whatever the claims about the new GDP numbers being technically superior to earlier estimates, their public credibility depends on their passing some reality checks, writes T N Ninan
GDP figures for October-December 2018 quarter will reflect both the stress in the financial services sector as also the corporate sector's festival earnings.
The farm sector may hold the clue for the delta in GDP growth, both in terms of providing output as well as consumption expenditure
The latest official numbers on the price of agricultural produce gives an idea of what's fueling the farmers' protest in Delhi.
Debroy said the GDP estimates represented a sizable jump from last year's Q2 growth rate estimates of 6.3%, indicating sustained acceleration in India's economic growth
FinMin said the July-September quarter faced the challenge of higher oil prices, resulting in much higher import bill and the weakening of the rupee
The rate of economic growth in the same quarter last year had been 6.3%
The government has said it was confident of meeting its fiscal deficit target of 3.3% of GDP in FY19
While there was consensus that the economic growth in the second quarter would not be as high as 8.2% recorded in the previous quarter, estimates had varied from 7.2% to 7.6%
Average income grew slower than per capita gross domestic product in four out of the last five years
New Delhi, 29 November Finance minister Arun Jaitley took on predecessor P Chidambaram on the revision of earlier Gross Domeestic Product (GDP) data for saying this was the result of a hatchet job.The back-series data in question, said Jaitley, had been calculated by a highly credible organisation, the Central Statistics Office, which maintains an arm's length distance from his ministry."Those who took after the new series in 2015 now consider the new series to be a "hatched job" and a "bad joke". What humours some when data shows an upward trend depresses them if it moves in the reverse direction," Jaitley said on his Facebook page.Chidambaram had said on Wednesday of the Niti Aayog's revised GDP numbers: "They are a bad joke. Actually, they are worse than a bad joke. The numbers are the result of a hatchet job." Jaitley reminded Chidambaram that the latter had, on February 3, 2015, welcomed the new GDP series. He quoted Chidambaram as saying: "The new data successfully establishes ..
Tax buoyancy, both at the central and state level, was also greater during the term of the previous government
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