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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7ca4f94389-trace').style.display = (document.getElementById('cakeErr67f7ca4f94389-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="cakeErr67f7ca4f94389-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7ca4f94389-code').style.display = (document.getElementById('cakeErr67f7ca4f94389-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7ca4f94389-context').style.display = (document.getElementById('cakeErr67f7ca4f94389-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f7ca4f94389-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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</span></span></code></pre><pre id="cakeErr67f7ca4f94389-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
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-The Hindu Business Line<br />
<br />
<em>But the economy size gets a bump-up under new base year<br />
<br />
New Delhi: </em>It&rsquo;s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br />
<br />
However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy&rsquo;s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br />
<br />
One of the key takeaways from the back series estimates for 2004-05 to 2011-12 &mdash; released by the Central Statistics Office (CSO) here on Wednesday &mdash; is that GDP growth rates for these years under the earlier 2004-05 base year was &ldquo;uniformly lower&rdquo; than those in the new base year of 2011-12.<br />
<br />
Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br />
<br />
Simply put, a plain comparison &mdash; although neither desirable nor ideal &mdash; of the two series (2011-12 vis-&agrave;-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br />
<br />
This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br />
<br />
The CSO&rsquo;s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br />
<br />
As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br />
<br />
Also, the widespread belief that India&rsquo;s economic growth had a &ldquo;golden&rdquo; run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br />
<br />
As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br />
<br />
Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br />
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But the economy size gets a bump-up under new base year
New Delhi: It&rsquo;s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat...',
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-The Hindu Business Line<br />
<br />
<em>But the economy size gets a bump-up under new base year<br />
<br />
New Delhi: </em>It&rsquo;s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br />
<br />
However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy&rsquo;s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br />
<br />
One of the key takeaways from the back series estimates for 2004-05 to 2011-12 &mdash; released by the Central Statistics Office (CSO) here on Wednesday &mdash; is that GDP growth rates for these years under the earlier 2004-05 base year was &ldquo;uniformly lower&rdquo; than those in the new base year of 2011-12.<br />
<br />
Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br />
<br />
Simply put, a plain comparison &mdash; although neither desirable nor ideal &mdash; of the two series (2011-12 vis-&agrave;-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br />
<br />
This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br />
<br />
The CSO&rsquo;s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br />
<br />
As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br />
<br />
Also, the widespread belief that India&rsquo;s economic growth had a &ldquo;golden&rdquo; run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br />
<br />
As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br />
<br />
Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br />
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But the economy size gets a bump-up under new base year
New Delhi: It&rsquo;s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat...'
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Cake\View\View::_render() - CORE/src/View/View.php, line 1374
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Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
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Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/back-series-data-trim-gdp-growth-rates-for-fy05-12-kr-srivats-4686034.html"/>
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-The Hindu Business Line
But the economy size gets a bump-up under new base year
New Delhi: It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat..."/>
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<h1 class="news_headlines" style="font-style:normal">
<strong>Back series data trim GDP growth rates for FY05-12 -KR Srivats</strong></h1>
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<div align="justify">-The Hindu Business Line<br /><br /><em>But the economy size gets a bump-up under new base year<br /><br />New Delhi: </em>It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br /><br />However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy’s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br /><br />One of the key takeaways from the back series estimates for 2004-05 to 2011-12 — released by the Central Statistics Office (CSO) here on Wednesday — is that GDP growth rates for these years under the earlier 2004-05 base year was “uniformly lower” than those in the new base year of 2011-12.<br /><br />Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br /><br />Simply put, a plain comparison — although neither desirable nor ideal — of the two series (2011-12 vis-à-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br /><br />This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br /><br />The CSO’s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br /><br />As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br /><br />Also, the widespread belief that India’s economic growth had a “golden” run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br /><br />As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <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('cakeErr67f7ca4f94389-trace').style.display = (document.getElementById('cakeErr67f7ca4f94389-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="cakeErr67f7ca4f94389-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7ca4f94389-code').style.display = (document.getElementById('cakeErr67f7ca4f94389-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7ca4f94389-context').style.display = (document.getElementById('cakeErr67f7ca4f94389-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f7ca4f94389-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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-The Hindu Business Line<br />
<br />
<em>But the economy size gets a bump-up under new base year<br />
<br />
New Delhi: </em>It&rsquo;s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br />
<br />
However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy&rsquo;s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br />
<br />
One of the key takeaways from the back series estimates for 2004-05 to 2011-12 &mdash; released by the Central Statistics Office (CSO) here on Wednesday &mdash; is that GDP growth rates for these years under the earlier 2004-05 base year was &ldquo;uniformly lower&rdquo; than those in the new base year of 2011-12.<br />
<br />
Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br />
<br />
Simply put, a plain comparison &mdash; although neither desirable nor ideal &mdash; of the two series (2011-12 vis-&agrave;-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br />
<br />
This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br />
<br />
The CSO&rsquo;s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br />
<br />
As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br />
<br />
Also, the widespread belief that India&rsquo;s economic growth had a &ldquo;golden&rdquo; run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br />
<br />
As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br />
<br />
Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br />
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-The Hindu Business Line<br />
<br />
<em>But the economy size gets a bump-up under new base year<br />
<br />
New Delhi: </em>It&rsquo;s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br />
<br />
However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy&rsquo;s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br />
<br />
One of the key takeaways from the back series estimates for 2004-05 to 2011-12 &mdash; released by the Central Statistics Office (CSO) here on Wednesday &mdash; is that GDP growth rates for these years under the earlier 2004-05 base year was &ldquo;uniformly lower&rdquo; than those in the new base year of 2011-12.<br />
<br />
Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br />
<br />
Simply put, a plain comparison &mdash; although neither desirable nor ideal &mdash; of the two series (2011-12 vis-&agrave;-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br />
<br />
This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br />
<br />
The CSO&rsquo;s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br />
<br />
As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br />
<br />
Also, the widespread belief that India&rsquo;s economic growth had a &ldquo;golden&rdquo; run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br />
<br />
As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br />
<br />
Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br />
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But the economy size gets a bump-up under new base year
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-The Hindu Business Line
But the economy size gets a bump-up under new base year
New Delhi: It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat..."/>
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<strong>Back series data trim GDP growth rates for FY05-12 -KR Srivats</strong></h1>
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<div align="justify">-The Hindu Business Line<br /><br /><em>But the economy size gets a bump-up under new base year<br /><br />New Delhi: </em>It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br /><br />However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy’s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br /><br />One of the key takeaways from the back series estimates for 2004-05 to 2011-12 — released by the Central Statistics Office (CSO) here on Wednesday — is that GDP growth rates for these years under the earlier 2004-05 base year was “uniformly lower” than those in the new base year of 2011-12.<br /><br />Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br /><br />Simply put, a plain comparison — although neither desirable nor ideal — of the two series (2011-12 vis-à-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br /><br />This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br /><br />The CSO’s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br /><br />As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br /><br />Also, the widespread belief that India’s economic growth had a “golden” run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br /><br />As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <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('cakeErr67f7ca4f94389-trace').style.display = (document.getElementById('cakeErr67f7ca4f94389-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="cakeErr67f7ca4f94389-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7ca4f94389-code').style.display = (document.getElementById('cakeErr67f7ca4f94389-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7ca4f94389-context').style.display = (document.getElementById('cakeErr67f7ca4f94389-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f7ca4f94389-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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-The Hindu Business Line<br />
<br />
<em>But the economy size gets a bump-up under new base year<br />
<br />
New Delhi: </em>It&rsquo;s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br />
<br />
However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy&rsquo;s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br />
<br />
One of the key takeaways from the back series estimates for 2004-05 to 2011-12 &mdash; released by the Central Statistics Office (CSO) here on Wednesday &mdash; is that GDP growth rates for these years under the earlier 2004-05 base year was &ldquo;uniformly lower&rdquo; than those in the new base year of 2011-12.<br />
<br />
Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br />
<br />
Simply put, a plain comparison &mdash; although neither desirable nor ideal &mdash; of the two series (2011-12 vis-&agrave;-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br />
<br />
This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br />
<br />
The CSO&rsquo;s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br />
<br />
As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br />
<br />
Also, the widespread belief that India&rsquo;s economic growth had a &ldquo;golden&rdquo; run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br />
<br />
As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br />
<br />
Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br />
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New Delhi: It&rsquo;s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat...',
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-The Hindu Business Line<br />
<br />
<em>But the economy size gets a bump-up under new base year<br />
<br />
New Delhi: </em>It&rsquo;s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br />
<br />
However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy&rsquo;s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br />
<br />
One of the key takeaways from the back series estimates for 2004-05 to 2011-12 &mdash; released by the Central Statistics Office (CSO) here on Wednesday &mdash; is that GDP growth rates for these years under the earlier 2004-05 base year was &ldquo;uniformly lower&rdquo; than those in the new base year of 2011-12.<br />
<br />
Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br />
<br />
Simply put, a plain comparison &mdash; although neither desirable nor ideal &mdash; of the two series (2011-12 vis-&agrave;-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br />
<br />
This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br />
<br />
The CSO&rsquo;s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br />
<br />
As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br />
<br />
Also, the widespread belief that India&rsquo;s economic growth had a &ldquo;golden&rdquo; run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br />
<br />
As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br />
<br />
Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br />
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But the economy size gets a bump-up under new base year
New Delhi: It&rsquo;s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat...'
$disp = '<div align="justify">-The Hindu Business Line<br /><br /><em>But the economy size gets a bump-up under new base year<br /><br />New Delhi: </em>It&rsquo;s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br /><br />However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy&rsquo;s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br /><br />One of the key takeaways from the back series estimates for 2004-05 to 2011-12 &mdash; released by the Central Statistics Office (CSO) here on Wednesday &mdash; is that GDP growth rates for these years under the earlier 2004-05 base year was &ldquo;uniformly lower&rdquo; than those in the new base year of 2011-12.<br /><br />Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br /><br />Simply put, a plain comparison &mdash; although neither desirable nor ideal &mdash; of the two series (2011-12 vis-&agrave;-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br /><br />This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br /><br />The CSO&rsquo;s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br /><br />As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br /><br />Also, the widespread belief that India&rsquo;s economic growth had a &ldquo;golden&rdquo; run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br /><br />As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br /></div>'
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-The Hindu Business Line
But the economy size gets a bump-up under new base year
New Delhi: It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat..."/>
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<strong>Back series data trim GDP growth rates for FY05-12 -KR Srivats</strong></h1>
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<div align="justify">-The Hindu Business Line<br /><br /><em>But the economy size gets a bump-up under new base year<br /><br />New Delhi: </em>It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br /><br />However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy’s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br /><br />One of the key takeaways from the back series estimates for 2004-05 to 2011-12 — released by the Central Statistics Office (CSO) here on Wednesday — is that GDP growth rates for these years under the earlier 2004-05 base year was “uniformly lower” than those in the new base year of 2011-12.<br /><br />Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br /><br />Simply put, a plain comparison — although neither desirable nor ideal — of the two series (2011-12 vis-à-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br /><br />This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br /><br />The CSO’s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br /><br />As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br /><br />Also, the widespread belief that India’s economic growth had a “golden” run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br /><br />As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br /></div> </font>
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-The Hindu Business Line<br />
<br />
<em>But the economy size gets a bump-up under new base year<br />
<br />
New Delhi: </em>It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br />
<br />
However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy’s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br />
<br />
One of the key takeaways from the back series estimates for 2004-05 to 2011-12 — released by the Central Statistics Office (CSO) here on Wednesday — is that GDP growth rates for these years under the earlier 2004-05 base year was “uniformly lower” than those in the new base year of 2011-12.<br />
<br />
Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br />
<br />
Simply put, a plain comparison — although neither desirable nor ideal — of the two series (2011-12 vis-à-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br />
<br />
This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br />
<br />
The CSO’s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br />
<br />
As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br />
<br />
Also, the widespread belief that India’s economic growth had a “golden” run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br />
<br />
As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br />
<br />
Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br />
</div>',
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-The Hindu Business Line
But the economy size gets a bump-up under new base year
New Delhi: It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat...',
'disp' => '<div align="justify">-The Hindu Business Line<br /><br /><em>But the economy size gets a bump-up under new base year<br /><br />New Delhi: </em>It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br /><br />However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy’s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br /><br />One of the key takeaways from the back series estimates for 2004-05 to 2011-12 — released by the Central Statistics Office (CSO) here on Wednesday — is that GDP growth rates for these years under the earlier 2004-05 base year was “uniformly lower” than those in the new base year of 2011-12.<br /><br />Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br /><br />Simply put, a plain comparison — although neither desirable nor ideal — of the two series (2011-12 vis-à-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br /><br />This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br /><br />The CSO’s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br /><br />As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br /><br />Also, the widespread belief that India’s economic growth had a “golden” run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br /><br />As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br /></div>',
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-The Hindu Business Line<br />
<br />
<em>But the economy size gets a bump-up under new base year<br />
<br />
New Delhi: </em>It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br />
<br />
However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy’s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br />
<br />
One of the key takeaways from the back series estimates for 2004-05 to 2011-12 — released by the Central Statistics Office (CSO) here on Wednesday — is that GDP growth rates for these years under the earlier 2004-05 base year was “uniformly lower” than those in the new base year of 2011-12.<br />
<br />
Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br />
<br />
Simply put, a plain comparison — although neither desirable nor ideal — of the two series (2011-12 vis-à-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br />
<br />
This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br />
<br />
The CSO’s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br />
<br />
As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br />
<br />
Also, the widespread belief that India’s economic growth had a “golden” run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br />
<br />
As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br />
<br />
Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br />
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-The Hindu Business Line
But the economy size gets a bump-up under new base year
New Delhi: It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat...'
$disp = '<div align="justify">-The Hindu Business Line<br /><br /><em>But the economy size gets a bump-up under new base year<br /><br />New Delhi: </em>It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.<br /><br />However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy’s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.<br /><br />One of the key takeaways from the back series estimates for 2004-05 to 2011-12 — released by the Central Statistics Office (CSO) here on Wednesday — is that GDP growth rates for these years under the earlier 2004-05 base year was “uniformly lower” than those in the new base year of 2011-12.<br /><br />Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.<br /><br />Simply put, a plain comparison — although neither desirable nor ideal — of the two series (2011-12 vis-à-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.<br /><br />This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.<br /><br />The CSO’s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.<br /><br />As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.<br /><br />Also, the widespread belief that India’s economic growth had a “golden” run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.<br /><br />As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/back-series-data-trim-gdp-growth-rates-for-fy05-12/article25616568.ece?homepage=true">click here</a> to read more. <br /></div>'
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latest-news-updates/back-series-data-trim-gdp-growth-rates-for-fy05-12-kr-srivats-4686034.html"/>
LATEST NEWS UPDATES | Back series data trim GDP growth rates for FY05-12 -KR Srivats | Im4change.org
Back series data trim GDP growth rates for FY05-12 -KR Srivats
-The Hindu Business Line
But the economy size gets a bump-up under new base year
New Delhi: It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years.
However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up the economy’s size in these eight years, resulting in a statistical effect of lowering GDP growth rates, say economy watchers.
One of the key takeaways from the back series estimates for 2004-05 to 2011-12 — released by the Central Statistics Office (CSO) here on Wednesday — is that GDP growth rates for these years under the earlier 2004-05 base year was “uniformly lower” than those in the new base year of 2011-12.
Part of the reason is that a change in base year to 2011-12 means increase in output levels (at constant prices) due to increased prices under the new base year.
Simply put, a plain comparison — although neither desirable nor ideal — of the two series (2011-12 vis-à-vis 2004-05) showed that GDP growth rates under the old series (2004-05) may have been overstated.
This lower GDP growth rate trend was evident in each of the years from 2004-05 to 2011-12. Interestingly, the maximum GDP growth rate recorded in these years under the back series estimate for 2004-05 to 2011-12 was 8.5 per cent in 2010-11, much lower than the 10.3 per cent growth rate recorded under the previous base year 2004-05.
The CSO’s 2011-12 back series computation on latest data sets, after factoring in the UN System of National Accounts (SNA-2008), demolishes the notion in several quarters that the Indian economy was entirely insulated from the global financial crisis in 2008-09, said economy watchers.
As against the earlier estimated GDP growth of 3.9 per cent in 2008-09, the Indian economy had only grown 3.1 per cent in that year, the latest back series data released on Wednesday revealed.
Also, the widespread belief that India’s economic growth had a “golden” run between 2005-06 and 2007-08 is somewhat diluted going by the latest recalibrated growth rates for these years.
As against the earlier estimated growth rates of 9.3 per cent (2005-06), 9.3 per cent (2006-07) and 9.8 per cent( 2007-08), the GDP print for these years under the back series came in at 7.9 per cent, 8.1 per cent and 7.7 per cent respectively.
