Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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-The Financial Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to examine the data, others raise questions over the calculations. P C Mohanan, former acting Chairman of the National Statistical Commission and R Nagaraj, a professor at Indira Gandhi Institute of Development Research, asked for the review of the entire GDP revision process.&lt;br /&gt;
&lt;br /&gt;
However, Pronab Sen, former Chief Statistician, said that the volume indices that were being used before the new methodology was adopted don&amp;rsquo;t take into account productivity and value addition. It is likely that a 7 per cent GDP growth rate is because of 4.5 per cent volume growth and the remaining 2.5 per cent owing to productivity, and this in no way makes it an overestimation, he also said.&lt;br /&gt;
&lt;br /&gt;
The research is mainly based on an analysis of indicators such as electricity consumption, two-wheeler sales, etc. and associated assumptions, said MoSPI. In absence of any revision of base in view of fresh data source becoming available, the comparison of the old and new GDP series is &amp;ldquo;not amenable to simplistic macro-econometric modelling&amp;rdquo;, it added.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-The Financial Express

After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. 

After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Financial Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to examine the data, others raise questions over the calculations. P C Mohanan, former acting Chairman of the National Statistical Commission and R Nagaraj, a professor at Indira Gandhi Institute of Development Research, asked for the review of the entire GDP revision process.&lt;br /&gt;&lt;br /&gt;However, Pronab Sen, former Chief Statistician, said that the volume indices that were being used before the new methodology was adopted don&amp;rsquo;t take into account productivity and value addition. It is likely that a 7 per cent GDP growth rate is because of 4.5 per cent volume growth and the remaining 2.5 per cent owing to productivity, and this in no way makes it an overestimation, he also said.&lt;br /&gt;&lt;br /&gt;The research is mainly based on an analysis of indicators such as electricity consumption, two-wheeler sales, etc. and associated assumptions, said MoSPI. In absence of any revision of base in view of fresh data source becoming available, the comparison of the old and new GDP series is &amp;ldquo;not amenable to simplistic macro-econometric modelling&amp;rdquo;, it added.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/&quot; title=&quot;https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;em&gt;After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
Please &lt;a href=&quot;https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;br /&gt;
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After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. 

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-The Financial Express

After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. 

After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started..."/>
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                <strong>Arvind Subramanian&#039;s GDP bombshell: Prominent economists divided over maths</strong></h1>
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                <div align="justify">-The Financial Express<br /><br /><em>After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. <br /></em><br />After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to examine the data, others raise questions over the calculations. P C Mohanan, former acting Chairman of the National Statistical Commission and R Nagaraj, a professor at Indira Gandhi Institute of Development Research, asked for the review of the entire GDP revision process.<br /><br />However, Pronab Sen, former Chief Statistician, said that the volume indices that were being used before the new methodology was adopted don&rsquo;t take into account productivity and value addition. It is likely that a 7 per cent GDP growth rate is because of 4.5 per cent volume growth and the remaining 2.5 per cent owing to productivity, and this in no way makes it an overestimation, he also said.<br /><br />The research is mainly based on an analysis of indicators such as electricity consumption, two-wheeler sales, etc. and associated assumptions, said MoSPI. In absence of any revision of base in view of fresh data source becoming available, the comparison of the old and new GDP series is &ldquo;not amenable to simplistic macro-econometric modelling&rdquo;, it added.<br /><br />Please <a href="https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/" title="https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/">click here</a> to read more. <br /><br /></div>               </font>
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-The Financial Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to examine the data, others raise questions over the calculations. P C Mohanan, former acting Chairman of the National Statistical Commission and R Nagaraj, a professor at Indira Gandhi Institute of Development Research, asked for the review of the entire GDP revision process.&lt;br /&gt;
&lt;br /&gt;
However, Pronab Sen, former Chief Statistician, said that the volume indices that were being used before the new methodology was adopted don&amp;rsquo;t take into account productivity and value addition. It is likely that a 7 per cent GDP growth rate is because of 4.5 per cent volume growth and the remaining 2.5 per cent owing to productivity, and this in no way makes it an overestimation, he also said.&lt;br /&gt;
&lt;br /&gt;
The research is mainly based on an analysis of indicators such as electricity consumption, two-wheeler sales, etc. and associated assumptions, said MoSPI. In absence of any revision of base in view of fresh data source becoming available, the comparison of the old and new GDP series is &amp;ldquo;not amenable to simplistic macro-econometric modelling&amp;rdquo;, it added.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-The Financial Express

After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. 

After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started...&#039;,
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&lt;em&gt;After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. 

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-The Financial Express

After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. 

After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started..."/>
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                <strong>Arvind Subramanian&#039;s GDP bombshell: Prominent economists divided over maths</strong></h1>
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                <div align="justify">-The Financial Express<br /><br /><em>After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. <br /></em><br />After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to examine the data, others raise questions over the calculations. P C Mohanan, former acting Chairman of the National Statistical Commission and R Nagaraj, a professor at Indira Gandhi Institute of Development Research, asked for the review of the entire GDP revision process.<br /><br />However, Pronab Sen, former Chief Statistician, said that the volume indices that were being used before the new methodology was adopted don&rsquo;t take into account productivity and value addition. It is likely that a 7 per cent GDP growth rate is because of 4.5 per cent volume growth and the remaining 2.5 per cent owing to productivity, and this in no way makes it an overestimation, he also said.<br /><br />The research is mainly based on an analysis of indicators such as electricity consumption, two-wheeler sales, etc. and associated assumptions, said MoSPI. In absence of any revision of base in view of fresh data source becoming available, the comparison of the old and new GDP series is &ldquo;not amenable to simplistic macro-econometric modelling&rdquo;, it added.<br /><br />Please <a href="https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/" title="https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/">click here</a> to read more. <br /><br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f3143c9c3ad-trace').style.display = (document.getElementById('cakeErr67f3143c9c3ad-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f3143c9c3ad-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f3143c9c3ad-code').style.display = (document.getElementById('cakeErr67f3143c9c3ad-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f3143c9c3ad-context').style.display = (document.getElementById('cakeErr67f3143c9c3ad-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f3143c9c3ad-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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&lt;br /&gt;
&lt;em&gt;After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to examine the data, others raise questions over the calculations. P C Mohanan, former acting Chairman of the National Statistical Commission and R Nagaraj, a professor at Indira Gandhi Institute of Development Research, asked for the review of the entire GDP revision process.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
The research is mainly based on an analysis of indicators such as electricity consumption, two-wheeler sales, etc. and associated assumptions, said MoSPI. In absence of any revision of base in view of fresh data source becoming available, the comparison of the old and new GDP series is &amp;ldquo;not amenable to simplistic macro-econometric modelling&amp;rdquo;, it added.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. 

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&lt;em&gt;After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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After former Chief Economic Advisor Arvind Subramanian&amp;rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. 

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After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. 

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                <strong>Arvind Subramanian&#039;s GDP bombshell: Prominent economists divided over maths</strong></h1>
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                <div align="justify">-The Financial Express<br /><br /><em>After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. <br /></em><br />After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to examine the data, others raise questions over the calculations. P C Mohanan, former acting Chairman of the National Statistical Commission and R Nagaraj, a professor at Indira Gandhi Institute of Development Research, asked for the review of the entire GDP revision process.<br /><br />However, Pronab Sen, former Chief Statistician, said that the volume indices that were being used before the new methodology was adopted don&rsquo;t take into account productivity and value addition. It is likely that a 7 per cent GDP growth rate is because of 4.5 per cent volume growth and the remaining 2.5 per cent owing to productivity, and this in no way makes it an overestimation, he also said.<br /><br />The research is mainly based on an analysis of indicators such as electricity consumption, two-wheeler sales, etc. and associated assumptions, said MoSPI. In absence of any revision of base in view of fresh data source becoming available, the comparison of the old and new GDP series is &ldquo;not amenable to simplistic macro-econometric modelling&rdquo;, it added.<br /><br />Please <a href="https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/" title="https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/">click here</a> to read more. <br /><br /></div>               </font>
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-The Financial Express<br />
<br />
<em>After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. <br />
</em><br />
After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to examine the data, others raise questions over the calculations. P C Mohanan, former acting Chairman of the National Statistical Commission and R Nagaraj, a professor at Indira Gandhi Institute of Development Research, asked for the review of the entire GDP revision process.<br />
<br />
However, Pronab Sen, former Chief Statistician, said that the volume indices that were being used before the new methodology was adopted don&rsquo;t take into account productivity and value addition. It is likely that a 7 per cent GDP growth rate is because of 4.5 per cent volume growth and the remaining 2.5 per cent owing to productivity, and this in no way makes it an overestimation, he also said.<br />
<br />
The research is mainly based on an analysis of indicators such as electricity consumption, two-wheeler sales, etc. and associated assumptions, said MoSPI. In absence of any revision of base in view of fresh data source becoming available, the comparison of the old and new GDP series is &ldquo;not amenable to simplistic macro-econometric modelling&rdquo;, it added.<br />
<br />
Please <a href="https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/">click here</a> to read more. <br />
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After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. 

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-The Financial Express<br />
<br />
<em>After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. <br />
</em><br />
After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to examine the data, others raise questions over the calculations. P C Mohanan, former acting Chairman of the National Statistical Commission and R Nagaraj, a professor at Indira Gandhi Institute of Development Research, asked for the review of the entire GDP revision process.<br />
<br />
However, Pronab Sen, former Chief Statistician, said that the volume indices that were being used before the new methodology was adopted don&rsquo;t take into account productivity and value addition. It is likely that a 7 per cent GDP growth rate is because of 4.5 per cent volume growth and the remaining 2.5 per cent owing to productivity, and this in no way makes it an overestimation, he also said.<br />
<br />
The research is mainly based on an analysis of indicators such as electricity consumption, two-wheeler sales, etc. and associated assumptions, said MoSPI. In absence of any revision of base in view of fresh data source becoming available, the comparison of the old and new GDP series is &ldquo;not amenable to simplistic macro-econometric modelling&rdquo;, it added.<br />
<br />
Please <a href="https://www.financialexpress.com/economy/arvind-subramanians-gdp-bombshell-prominent-economists-divided-over-maths/1604891/">click here</a> to read more. <br />
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After former Chief Economic Advisor Arvind Subramanian&rsquo;s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. 

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Arvind Subramanian's GDP bombshell: Prominent economists divided over maths

-The Financial Express After former Chief Economic Advisor Arvind Subramanian’s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. After former Chief Economic Advisor Arvind Subramanian’s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to examine the data, others raise questions over the calculations. P C Mohanan, former acting Chairman of the National Statistical Commission and R Nagaraj, a professor at Indira Gandhi Institute of Development Research, asked for the review of the entire GDP revision process. However, Pronab Sen, former Chief Statistician, said that the volume indices that were being used before the new methodology was adopted don’t take into account productivity and value addition. It is likely that a 7 per cent GDP growth rate is because of 4.5 per cent volume growth and the remaining 2.5 per cent owing to productivity, and this in no way makes it an overestimation, he also said. The research is mainly based on an analysis of indicators such as electricity consumption, two-wheeler sales, etc. and associated assumptions, said MoSPI. In absence of any revision of base in view of fresh data source becoming available, the comparison of the old and new GDP series is “not amenable to simplistic macro-econometric modelling”, it added. Please click here to read more.