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
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
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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
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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
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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 | Does India&#039;s New Series GDP Data Overestimate Manufacturing Output?    </title>
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The new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added, resulting in manufacturing assuming a higher share in India&rsquo;s GDP and growing at a faster rate compared to the older series.

New Delhi: Does..."/>
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The new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added, resulting in manufacturing assuming a higher share in India&rsquo;s GDP and growing at a faster rate compared to the older series.

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                            <div align="justify">-TheWire.in<br /><br /><em>The new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added, resulting in manufacturing assuming a higher share in India&rsquo;s GDP and growing at a faster rate compared to the older series.<br /><br />New Delhi: </em>Does the new method by which India calculates GDP (gross domestic product) data overestimate manufacturing output? This apprehension has been flagged by a key member of the Reserve Bank of India&rsquo;s monetary policy committee (MPC) in a recent article in the Economic and Political Weekly.<br /><br />Last week, data released by the Central Statistics Office showed that the GDP grew by an impressive 8.2% in the first quarter, sharply up from 5.6% a year ago. This was higher than 7.4-7.6% growth rate forecast by economists.<br /><br />In particular, the data showed that India&rsquo;s manufacturing sector grew by a healthy and surprising 13.5%.<br /><br />The EPW article says that the new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added. This decision has resulted in manufacturing assuming a higher share in India&rsquo;s GDP and growing at a faster rate compared to the older series, the article argues.<br /><br />The piece has been authored by Ravindra Dholakia, a member of the MPC, along with R. Nagaraj &ndash; who teaches at the Indira Gandhi Institute of Development Research &ndash; and Manish Pandya, who works for the Gujarat government&rsquo;s directorate of economics and statistics.<br /><br />Citing the robust GDP numbers, finance minister Arun Jaitley said the Indian economy is doing well at a time when the global economy is facing turmoil due to trade spat. He attributed this to the Modi government&rsquo;s reforms and fiscal prudence.<br /><br />Please <a href="https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output" title="https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output" class="re" target="_blank">TheWire.in, 5 September, 2018, https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output</a><div class="clear"></div>
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                            <div align="justify">-TheWire.in<br /><br /><em>The new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added, resulting in manufacturing assuming a higher share in India&rsquo;s GDP and growing at a faster rate compared to the older series.<br /><br />New Delhi: </em>Does the new method by which India calculates GDP (gross domestic product) data overestimate manufacturing output? This apprehension has been flagged by a key member of the Reserve Bank of India&rsquo;s monetary policy committee (MPC) in a recent article in the Economic and Political Weekly.<br /><br />Last week, data released by the Central Statistics Office showed that the GDP grew by an impressive 8.2% in the first quarter, sharply up from 5.6% a year ago. This was higher than 7.4-7.6% growth rate forecast by economists.<br /><br />In particular, the data showed that India&rsquo;s manufacturing sector grew by a healthy and surprising 13.5%.<br /><br />The EPW article says that the new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added. This decision has resulted in manufacturing assuming a higher share in India&rsquo;s GDP and growing at a faster rate compared to the older series, the article argues.<br /><br />The piece has been authored by Ravindra Dholakia, a member of the MPC, along with R. Nagaraj &ndash; who teaches at the Indira Gandhi Institute of Development Research &ndash; and Manish Pandya, who works for the Gujarat government&rsquo;s directorate of economics and statistics.<br /><br />Citing the robust GDP numbers, finance minister Arun Jaitley said the Indian economy is doing well at a time when the global economy is facing turmoil due to trade spat. He attributed this to the Modi government&rsquo;s reforms and fiscal prudence.<br /><br />Please <a href="https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output" title="https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output" class="re" target="_blank">TheWire.in, 5 September, 2018, https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output</a><div class="clear"></div>
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    <h1 class="cat-box-title">Does India&#039;s New Series GDP Data Overestimate Manufacturing Output?</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>The new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added, resulting in manufacturing assuming a higher share in India&rsquo;s GDP and growing at a faster rate compared to the older series.<br /><br />New Delhi: </em>Does the new method by which India calculates GDP (gross domestic product) data overestimate manufacturing output? This apprehension has been flagged by a key member of the Reserve Bank of India&rsquo;s monetary policy committee (MPC) in a recent article in the Economic and Political Weekly.<br /><br />Last week, data released by the Central Statistics Office showed that the GDP grew by an impressive 8.2% in the first quarter, sharply up from 5.6% a year ago. This was higher than 7.4-7.6% growth rate forecast by economists.<br /><br />In particular, the data showed that India&rsquo;s manufacturing sector grew by a healthy and surprising 13.5%.<br /><br />The EPW article says that the new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added. This decision has resulted in manufacturing assuming a higher share in India&rsquo;s GDP and growing at a faster rate compared to the older series, the article argues.<br /><br />The piece has been authored by Ravindra Dholakia, a member of the MPC, along with R. Nagaraj &ndash; who teaches at the Indira Gandhi Institute of Development Research &ndash; and Manish Pandya, who works for the Gujarat government&rsquo;s directorate of economics and statistics.<br /><br />Citing the robust GDP numbers, finance minister Arun Jaitley said the Indian economy is doing well at a time when the global economy is facing turmoil due to trade spat. He attributed this to the Modi government&rsquo;s reforms and fiscal prudence.<br /><br />Please <a href="https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output" title="https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output" class="re" target="_blank">TheWire.in, 5 September, 2018, https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output</a><div class="clear"></div>
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Does India's New Series GDP Data Overestimate Manufacturing Output?

Published on Sep 9, 2018   Modified on Sep 9, 2018

-TheWire.in The new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added, resulting in manufacturing assuming a higher share in India’s GDP and growing at a faster rate compared to the older series. New Delhi: Does the new method by which India calculates GDP (gross domestic product) data overestimate manufacturing output? This apprehension has been flagged by a key member of the Reserve Bank of India’s monetary policy committee (MPC) in a recent article in the Economic and Political Weekly. Last week, data released by the Central Statistics Office showed that the GDP grew by an impressive 8.2% in the first quarter, sharply up from 5.6% a year ago. This was higher than 7.4-7.6% growth rate forecast by economists. In particular, the data showed that India’s manufacturing sector grew by a healthy and surprising 13.5%. The EPW article says that the new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added. This decision has resulted in manufacturing assuming a higher share in India’s GDP and growing at a faster rate compared to the older series, the article argues. The piece has been authored by Ravindra Dholakia, a member of the MPC, along with R. Nagaraj – who teaches at the Indira Gandhi Institute of Development Research – and Manish Pandya, who works for the Gujarat government’s directorate of economics and statistics. Citing the robust GDP numbers, finance minister Arun Jaitley said the Indian economy is doing well at a time when the global economy is facing turmoil due to trade spat. He attributed this to the Modi government’s reforms and fiscal prudence. Please click here to read more.

TheWire.in, 5 September, 2018, https://thewire.in/economy/does-indias-new-series-gdp-data-overestimate-manufacturing-output

Tagged with: manufacturing Manufacturing Sector Manufacturing Sector growth GDP estimates GDP growth

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