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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [[maximum depth reached]]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/getting-the-gdp-numbers-right-s-mahendra-dev-4687539/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/getting-the-gdp-numbers-right-s-mahendra-dev-4687539/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
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
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

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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [[maximum depth reached]]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/getting-the-gdp-numbers-right-s-mahendra-dev-4687539/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/getting-the-gdp-numbers-right-s-mahendra-dev-4687539/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
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 {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681190d8c5a06-trace').style.display = (document.getElementById('cakeErr681190d8c5a06-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="cakeErr681190d8c5a06-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681190d8c5a06-code').style.display = (document.getElementById('cakeErr681190d8c5a06-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr681190d8c5a06-context').style.display = (document.getElementById('cakeErr681190d8c5a06-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr681190d8c5a06-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;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</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">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr681190d8c5a06-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 39407,
		&#039;title&#039; =&gt; &#039;Getting the GDP numbers right -S Mahendra Dev&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;
&lt;br /&gt;
I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;
&lt;br /&gt;
The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 9 July, 2019, https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;getting-the-gdp-numbers-right-s-mahendra-dev-4687539&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4687539,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 39407,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Getting the GDP numbers right -S Mahendra Dev&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;MCA-21,MCA-21 database,GDP estimates,GDP growth,Economic Growth,Arvind Subramanian&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Indian Express

Estimates are not perfect, but the process is revised and fine-tuned. 

Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;&lt;br /&gt;I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;&lt;br /&gt;The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot; title=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 39407,
	&#039;title&#039; =&gt; &#039;Getting the GDP numbers right -S Mahendra Dev&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;
&lt;br /&gt;
I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;
&lt;br /&gt;
The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 9 July, 2019, https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;getting-the-gdp-numbers-right-s-mahendra-dev-4687539&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4687539,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 39407
$metaTitle = &#039;LATEST NEWS UPDATES | Getting the GDP numbers right -S Mahendra Dev&#039;
$metaKeywords = &#039;MCA-21,MCA-21 database,GDP estimates,GDP growth,Economic Growth,Arvind Subramanian&#039;
$metaDesc = &#039;
-The Indian Express

Estimates are not perfect, but the process is revised and fine-tuned. 

Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;&lt;br /&gt;I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;&lt;br /&gt;The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot; title=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/getting-the-gdp-numbers-right-s-mahendra-dev-4687539.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Getting the GDP numbers right -S Mahendra Dev | Im4change.org</title>
    <meta name="description" content="
-The Indian Express

Estimates are not perfect, but the process is revised and fine-tuned. 

Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Getting the GDP numbers right -S Mahendra Dev</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Indian Express<br /><br /><em>Estimates are not perfect, but the process is revised and fine-tuned. <br /></em><br />Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.<br /><br />I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.<br /><br />The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/" title="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681190d8c5a06-trace').style.display = (document.getElementById('cakeErr681190d8c5a06-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="cakeErr681190d8c5a06-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681190d8c5a06-code').style.display = (document.getElementById('cakeErr681190d8c5a06-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr681190d8c5a06-context').style.display = (document.getElementById('cakeErr681190d8c5a06-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr681190d8c5a06-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;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</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">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr681190d8c5a06-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 39407,
		&#039;title&#039; =&gt; &#039;Getting the GDP numbers right -S Mahendra Dev&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;
&lt;br /&gt;
I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;
&lt;br /&gt;
The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 9 July, 2019, https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;getting-the-gdp-numbers-right-s-mahendra-dev-4687539&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4687539,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 39407,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Getting the GDP numbers right -S Mahendra Dev&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;MCA-21,MCA-21 database,GDP estimates,GDP growth,Economic Growth,Arvind Subramanian&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Indian Express

Estimates are not perfect, but the process is revised and fine-tuned. 

Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;&lt;br /&gt;I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;&lt;br /&gt;The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot; title=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 39407,
	&#039;title&#039; =&gt; &#039;Getting the GDP numbers right -S Mahendra Dev&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;
&lt;br /&gt;
I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;
&lt;br /&gt;
The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 9 July, 2019, https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;getting-the-gdp-numbers-right-s-mahendra-dev-4687539&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4687539,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 39407
$metaTitle = &#039;LATEST NEWS UPDATES | Getting the GDP numbers right -S Mahendra Dev&#039;
$metaKeywords = &#039;MCA-21,MCA-21 database,GDP estimates,GDP growth,Economic Growth,Arvind Subramanian&#039;
$metaDesc = &#039;
-The Indian Express

Estimates are not perfect, but the process is revised and fine-tuned. 

Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;&lt;br /&gt;I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;&lt;br /&gt;The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot; title=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/getting-the-gdp-numbers-right-s-mahendra-dev-4687539.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Getting the GDP numbers right -S Mahendra Dev | Im4change.org</title>
    <meta name="description" content="
-The Indian Express

Estimates are not perfect, but the process is revised and fine-tuned. 

Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Getting the GDP numbers right -S Mahendra Dev</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Indian Express<br /><br /><em>Estimates are not perfect, but the process is revised and fine-tuned. <br /></em><br />Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.<br /><br />I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.<br /><br />The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/" title="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681190d8c5a06-trace').style.display = (document.getElementById('cakeErr681190d8c5a06-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="cakeErr681190d8c5a06-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681190d8c5a06-code').style.display = (document.getElementById('cakeErr681190d8c5a06-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr681190d8c5a06-context').style.display = (document.getElementById('cakeErr681190d8c5a06-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr681190d8c5a06-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;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</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">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr681190d8c5a06-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 39407,
		&#039;title&#039; =&gt; &#039;Getting the GDP numbers right -S Mahendra Dev&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;
&lt;br /&gt;
I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;
&lt;br /&gt;
The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 9 July, 2019, https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;getting-the-gdp-numbers-right-s-mahendra-dev-4687539&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4687539,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 39407,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Getting the GDP numbers right -S Mahendra Dev&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;MCA-21,MCA-21 database,GDP estimates,GDP growth,Economic Growth,Arvind Subramanian&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Indian Express

Estimates are not perfect, but the process is revised and fine-tuned. 

Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;&lt;br /&gt;I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;&lt;br /&gt;The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot; title=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 39407,
	&#039;title&#039; =&gt; &#039;Getting the GDP numbers right -S Mahendra Dev&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;
&lt;br /&gt;
I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;
&lt;br /&gt;
The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 9 July, 2019, https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;getting-the-gdp-numbers-right-s-mahendra-dev-4687539&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4687539,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 39407
$metaTitle = &#039;LATEST NEWS UPDATES | Getting the GDP numbers right -S Mahendra Dev&#039;
$metaKeywords = &#039;MCA-21,MCA-21 database,GDP estimates,GDP growth,Economic Growth,Arvind Subramanian&#039;
$metaDesc = &#039;
-The Indian Express

Estimates are not perfect, but the process is revised and fine-tuned. 

Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Estimates are not perfect, but the process is revised and fine-tuned. &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Former Chief Economic Adviser Arvind Subramanian&amp;rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&amp;rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&amp;rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&amp;rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &amp;ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&amp;rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.&lt;br /&gt;&lt;br /&gt;I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.&lt;br /&gt;&lt;br /&gt;The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&amp;rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot; title=&quot;https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/getting-the-gdp-numbers-right-s-mahendra-dev-4687539.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Getting the GDP numbers right -S Mahendra Dev | Im4change.org</title>
    <meta name="description" content="
-The Indian Express

Estimates are not perfect, but the process is revised and fine-tuned. 

Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Getting the GDP numbers right -S Mahendra Dev</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Indian Express<br /><br /><em>Estimates are not perfect, but the process is revised and fine-tuned. <br /></em><br />Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.<br /><br />I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.<br /><br />The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/" title="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 39407,
		'title' => 'Getting the GDP numbers right -S Mahendra Dev',
		'subheading' => '',
		'description' => '<div align="justify">
-The Indian Express<br />
<br />
<em>Estimates are not perfect, but the process is revised and fine-tuned. <br />
</em><br />
Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.<br />
<br />
I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.<br />
<br />
The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.<br />
<br />
Please <a href="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/">click here</a> to read more. <br />
</div>',
		'credit_writer' => 'The Indian Express, 9 July, 2019, https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'getting-the-gdp-numbers-right-s-mahendra-dev-4687539',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 4687539,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 39407,
	'metaTitle' => 'LATEST NEWS UPDATES | Getting the GDP numbers right -S Mahendra Dev',
	'metaKeywords' => 'MCA-21,MCA-21 database,GDP estimates,GDP growth,Economic Growth,Arvind Subramanian',
	'metaDesc' => '
-The Indian Express

Estimates are not perfect, but the process is revised and fine-tuned. 

Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period...',
	'disp' => '<div align="justify">-The Indian Express<br /><br /><em>Estimates are not perfect, but the process is revised and fine-tuned. <br /></em><br />Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.<br /><br />I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.<br /><br />The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/" title="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/">click here</a> to read more. <br /></div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 39407,
	'title' => 'Getting the GDP numbers right -S Mahendra Dev',
	'subheading' => '',
	'description' => '<div align="justify">
-The Indian Express<br />
<br />
<em>Estimates are not perfect, but the process is revised and fine-tuned. <br />
</em><br />
Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.<br />
<br />
I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.<br />
<br />
The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.<br />
<br />
Please <a href="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/">click here</a> to read more. <br />
</div>',
	'credit_writer' => 'The Indian Express, 9 July, 2019, https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'getting-the-gdp-numbers-right-s-mahendra-dev-4687539',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 4687539,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {},
		(int) 3 => object(Cake\ORM\Entity) {},
		(int) 4 => object(Cake\ORM\Entity) {},
		(int) 5 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 39407
$metaTitle = 'LATEST NEWS UPDATES | Getting the GDP numbers right -S Mahendra Dev'
$metaKeywords = 'MCA-21,MCA-21 database,GDP estimates,GDP growth,Economic Growth,Arvind Subramanian'
$metaDesc = '
-The Indian Express

Estimates are not perfect, but the process is revised and fine-tuned. 

Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period...'
$disp = '<div align="justify">-The Indian Express<br /><br /><em>Estimates are not perfect, but the process is revised and fine-tuned. <br /></em><br />Former Chief Economic Adviser Arvind Subramanian&rsquo;s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister&rsquo;s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian&rsquo;s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian&rsquo;s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that &ldquo;these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology&rdquo;. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators.<br /><br />I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data.<br /><br />The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan&rsquo;s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/" title="https://indianexpress.com/article/opinion/columns/gdp-data-former-chief-economic-adviser-arvind-subramanian-modi-government-pmeac-nsc-5821509/">click here</a> to read more. <br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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

Getting the GDP numbers right -S Mahendra Dev

-The Indian Express Estimates are not perfect, but the process is revised and fine-tuned. Former Chief Economic Adviser Arvind Subramanian’s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister’s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian’s paper. A study done at our institute by Ashima Goyal and Abhishek Kumar show that after removing various flaws in Subramanian’s data and procedures used, these indicators suggest official growth rates are overestimated before 2011 too. This study also shows that the GDP growth in a large number of countries is either overestimated or underestimated using these indicators. Therefore, the study rightly says that “these regressions cannot be used for predicting growth or for concluding Indian growth is overestimated or for pointing to problems in the estimation methodology”. It is better now to concentrate on the next base revision by focusing on methodology, coverage and data in estimating GDP. There is no point in saying that GDP estimation has problems because ground level realities are different using some indicators. I was a member of the National Statistical Commission (NSC) during 2013 to 2016 (Pronab Sen was the chairman) and was part of the process in base revision. In 2015, CSO introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year. The guiding principles for change in base are: One, revision of base year to a more recent year; two, complete review of existing data base and methodology employed in the estimation of various macro-economic aggregates and alternative data bases; and three, implementation of the international guidelines based on SNA, the System of National Accounts 2008 to the extent possible. Therefore, it was not just base revision but there were significant changes in methodologies, coverage and data. The base revision for 2011-12 was undertaken by CSO under the guidance of the Advisory Committee on National Accounts Statistics, which constituted five sub-committees for the purpose. The reports of these committees provide a comprehensive assessment of the changes and their rationale. Improvements in GDP estimation is a continuous process. In fact, Rangarajan’s commission on NAS was appointed 20 years back to give recommendations on significant deficiencies and improving credibility of official statistics. There have been several changes in recent GDP estimation. We focus here on two issues: Ministry of Corporate Affairs (MCA) 21 data base; estimation of household sector. Please click here to read more.