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: 150
 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
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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\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: 151
 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::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
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')) {

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        LATEST NEWS UPDATES | Clear data doubts on India&#039;s growth story -N Madhavan    </title>
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-The Hindu Business Line

The government should explain constant variations in GDP figures. India&rsquo;s reputation for data credibility could suffer

&ldquo;The (revised GDP) numbers are the result of a hatchet job&rdquo; tweeted former Finance Minister P Chidambaram after the Modi government published..."/>
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-The Hindu Business Line

The government should explain constant variations in GDP figures. India&rsquo;s reputation for data credibility could suffer

&ldquo;The (revised GDP) numbers are the result of a hatchet job&rdquo; tweeted former Finance Minister P Chidambaram after the Modi government published..." />
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    <h1 class="cat-box-title">Clear data doubts on India&#039;s growth story -N Madhavan</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>The government should explain constant variations in GDP figures. India&rsquo;s reputation for data credibility could suffer<br /></em><br />&ldquo;The (revised GDP) numbers are the result of a hatchet job&rdquo; tweeted former Finance Minister P Chidambaram after the Modi government published the back-series GDP data late November. Ahmed Patel, his colleague in the Congress party, added his bit: &lsquo;In its desperate attempt to re-write GDP data, the government resembles a student who cannot pass an exam without cheating.&rsquo;<br /><br />These comments could well be dismissed as a rant by Congressmen in response to the revised numbers that lowered the average GDP growth during UPA rule from 7.75 per cent to 6.82 per cent which, to their bewilderment, is lower than the 7.35 per cent growth averaged during the Modi government.<br /><em><br />Misleading</em><br /><br />But the issue appears to be more than just politics. Researchers at Reserve Bank of India have also pointed out that the multiple revision of GDP growth estimates are &lsquo;confusing&rsquo; and does not reveal the &lsquo;true state of the economy&rsquo;.<br /><br />They were proved right when the government, late in January, revised the growth data for the years 2015-16, 2016-17 and 2017-18.<br /><br />This raised more questions as the revision saw growth during 2016-17 (the demonetisation year) jumping to 8.2 per cent from the earlier 7.2 per cent, making it the fastest growth rate under the new series.<br /><br />Around the same time came reports of the government trying to suppress the National Sample Survey Organisation (NSSO) report on unemployment. The report, which was eventually leaked to the media, showed unemployment at a 45-year high of 6.1 per cent in 2017-18 as against 2.2 per cent in 2011-12.<br /><br />Suddenly, Indian economic data, traditionally considered good and robust, is now being eyed with suspicion. Many have begun to fear whether the data has become a political tool in the hands of the government.<br /><br />It all began when the present government, in January 2015, unveiled GDP data with 2011-12 as the new base year (from the earlier base year of 2004-05).<br /><br />A base year is periodically revised to reflect the changes in the economy and capture growth better. But when a base year is changed, the GDP data for earlier years is also recast to aid better comparison and forecasts.<br /><br />For some reason, the government presented the back-series only for 2011-12 to 2013-14. It was assumed that the data was not ready then. The back-series finally came after almost four long years (and that too only up to 2004-05) in November 2018, lowering the growth during UPA years. It did not go unnoticed that the data came just months before the Lok Sabha elections.<br /><br />Please <a href="https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece" title="https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece">click here</a> to read more.</div>                                                           
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    <br><a href="https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece" class="re" target="_blank">The Hindu Business Line, 14 February, 2019, https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece</a><div class="clear"></div>
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The government should explain constant variations in GDP figures. India&rsquo;s reputation for data credibility could suffer

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                            <div align="justify">-The Hindu Business Line<br /><br /><em>The government should explain constant variations in GDP figures. India&rsquo;s reputation for data credibility could suffer<br /></em><br />&ldquo;The (revised GDP) numbers are the result of a hatchet job&rdquo; tweeted former Finance Minister P Chidambaram after the Modi government published the back-series GDP data late November. Ahmed Patel, his colleague in the Congress party, added his bit: &lsquo;In its desperate attempt to re-write GDP data, the government resembles a student who cannot pass an exam without cheating.&rsquo;<br /><br />These comments could well be dismissed as a rant by Congressmen in response to the revised numbers that lowered the average GDP growth during UPA rule from 7.75 per cent to 6.82 per cent which, to their bewilderment, is lower than the 7.35 per cent growth averaged during the Modi government.<br /><em><br />Misleading</em><br /><br />But the issue appears to be more than just politics. Researchers at Reserve Bank of India have also pointed out that the multiple revision of GDP growth estimates are &lsquo;confusing&rsquo; and does not reveal the &lsquo;true state of the economy&rsquo;.<br /><br />They were proved right when the government, late in January, revised the growth data for the years 2015-16, 2016-17 and 2017-18.<br /><br />This raised more questions as the revision saw growth during 2016-17 (the demonetisation year) jumping to 8.2 per cent from the earlier 7.2 per cent, making it the fastest growth rate under the new series.<br /><br />Around the same time came reports of the government trying to suppress the National Sample Survey Organisation (NSSO) report on unemployment. The report, which was eventually leaked to the media, showed unemployment at a 45-year high of 6.1 per cent in 2017-18 as against 2.2 per cent in 2011-12.<br /><br />Suddenly, Indian economic data, traditionally considered good and robust, is now being eyed with suspicion. Many have begun to fear whether the data has become a political tool in the hands of the government.<br /><br />It all began when the present government, in January 2015, unveiled GDP data with 2011-12 as the new base year (from the earlier base year of 2004-05).<br /><br />A base year is periodically revised to reflect the changes in the economy and capture growth better. But when a base year is changed, the GDP data for earlier years is also recast to aid better comparison and forecasts.<br /><br />For some reason, the government presented the back-series only for 2011-12 to 2013-14. It was assumed that the data was not ready then. The back-series finally came after almost four long years (and that too only up to 2004-05) in November 2018, lowering the growth during UPA years. It did not go unnoticed that the data came just months before the Lok Sabha elections.<br /><br />Please <a href="https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece" title="https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece">click here</a> to read more.</div>                                                           
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    <br><a href="https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece" class="re" target="_blank">The Hindu Business Line, 14 February, 2019, https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece</a><div class="clear"></div>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>The government should explain constant variations in GDP figures. India&rsquo;s reputation for data credibility could suffer<br /></em><br />&ldquo;The (revised GDP) numbers are the result of a hatchet job&rdquo; tweeted former Finance Minister P Chidambaram after the Modi government published the back-series GDP data late November. Ahmed Patel, his colleague in the Congress party, added his bit: &lsquo;In its desperate attempt to re-write GDP data, the government resembles a student who cannot pass an exam without cheating.&rsquo;<br /><br />These comments could well be dismissed as a rant by Congressmen in response to the revised numbers that lowered the average GDP growth during UPA rule from 7.75 per cent to 6.82 per cent which, to their bewilderment, is lower than the 7.35 per cent growth averaged during the Modi government.<br /><em><br />Misleading</em><br /><br />But the issue appears to be more than just politics. Researchers at Reserve Bank of India have also pointed out that the multiple revision of GDP growth estimates are &lsquo;confusing&rsquo; and does not reveal the &lsquo;true state of the economy&rsquo;.<br /><br />They were proved right when the government, late in January, revised the growth data for the years 2015-16, 2016-17 and 2017-18.<br /><br />This raised more questions as the revision saw growth during 2016-17 (the demonetisation year) jumping to 8.2 per cent from the earlier 7.2 per cent, making it the fastest growth rate under the new series.<br /><br />Around the same time came reports of the government trying to suppress the National Sample Survey Organisation (NSSO) report on unemployment. The report, which was eventually leaked to the media, showed unemployment at a 45-year high of 6.1 per cent in 2017-18 as against 2.2 per cent in 2011-12.<br /><br />Suddenly, Indian economic data, traditionally considered good and robust, is now being eyed with suspicion. Many have begun to fear whether the data has become a political tool in the hands of the government.<br /><br />It all began when the present government, in January 2015, unveiled GDP data with 2011-12 as the new base year (from the earlier base year of 2004-05).<br /><br />A base year is periodically revised to reflect the changes in the economy and capture growth better. But when a base year is changed, the GDP data for earlier years is also recast to aid better comparison and forecasts.<br /><br />For some reason, the government presented the back-series only for 2011-12 to 2013-14. It was assumed that the data was not ready then. The back-series finally came after almost four long years (and that too only up to 2004-05) in November 2018, lowering the growth during UPA years. It did not go unnoticed that the data came just months before the Lok Sabha elections.<br /><br />Please <a href="https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece" title="https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece">click here</a> to read more.</div>                                                           
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    <br><a href="https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece" class="re" target="_blank">The Hindu Business Line, 14 February, 2019, https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece</a><div class="clear"></div>
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Home हिन्दी

Clear data doubts on India's growth story -N Madhavan

Published on Feb 15, 2019   Modified on Feb 15, 2019

-The Hindu Business Line The government should explain constant variations in GDP figures. India’s reputation for data credibility could suffer “The (revised GDP) numbers are the result of a hatchet job” tweeted former Finance Minister P Chidambaram after the Modi government published the back-series GDP data late November. Ahmed Patel, his colleague in the Congress party, added his bit: ‘In its desperate attempt to re-write GDP data, the government resembles a student who cannot pass an exam without cheating.’ These comments could well be dismissed as a rant by Congressmen in response to the revised numbers that lowered the average GDP growth during UPA rule from 7.75 per cent to 6.82 per cent which, to their bewilderment, is lower than the 7.35 per cent growth averaged during the Modi government. Misleading But the issue appears to be more than just politics. Researchers at Reserve Bank of India have also pointed out that the multiple revision of GDP growth estimates are ‘confusing’ and does not reveal the ‘true state of the economy’. They were proved right when the government, late in January, revised the growth data for the years 2015-16, 2016-17 and 2017-18. This raised more questions as the revision saw growth during 2016-17 (the demonetisation year) jumping to 8.2 per cent from the earlier 7.2 per cent, making it the fastest growth rate under the new series. Around the same time came reports of the government trying to suppress the National Sample Survey Organisation (NSSO) report on unemployment. The report, which was eventually leaked to the media, showed unemployment at a 45-year high of 6.1 per cent in 2017-18 as against 2.2 per cent in 2011-12. Suddenly, Indian economic data, traditionally considered good and robust, is now being eyed with suspicion. Many have begun to fear whether the data has become a political tool in the hands of the government. It all began when the present government, in January 2015, unveiled GDP data with 2011-12 as the new base year (from the earlier base year of 2004-05). A base year is periodically revised to reflect the changes in the economy and capture growth better. But when a base year is changed, the GDP data for earlier years is also recast to aid better comparison and forecasts. For some reason, the government presented the back-series only for 2011-12 to 2013-14. It was assumed that the data was not ready then. The back-series finally came after almost four long years (and that too only up to 2004-05) in November 2018, lowering the growth during UPA years. It did not go unnoticed that the data came just months before the Lok Sabha elections. Please click here to read more.

The Hindu Business Line, 14 February, 2019, https://www.thehindubusinessline.com/opinion/clear-data-doubts-on-indias-growth-story/article26271962.ece

Tagged with: National Sample Survey Office NSSO Employment employment data GDP Back-series GDP estimates GDP growth unemployment rate NITI Aayog

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