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LATEST NEWS UPDATES | GDP back series data: New numbers do not pass the basic smell test; mess of the past has just got worsened -Vivek Kaul

GDP back series data: New numbers do not pass the basic smell test; mess of the past has just got worsened -Vivek Kaul

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published Published on Dec 1, 2018   modified Modified on Dec 1, 2018
-Firstpost.com

In January 2015, India moved to a new method of calculating the gross domestic product (GDP). The trouble was that up until day before yesterday, data from only 2011-2012 onwards was available as a part of this new GDP series. Hence, any comparison with the years before 2011-2012 was not possible.

On Wednesday, nearly four years after moving to a new GDP series, the government released GDP data for the years 2004-2005 to 2010-2011, as a part of the new series. As per this new series, the economic growth between 2004-2005 and 2011-2012, wasn’t as much as was estimated earlier.

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Firstpost.com, 29 November, 2018, https://www.firstpost.com/business/gdp-back-series-data-new-numbers-do-not-pass-the-basic-smell-test-mess-of-the-past-has-just-got-worsened-5640271.html


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