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LATEST NEWS UPDATES | India is constantly tinkering with GDP data. It’s hard to rely on it now -Vivel Kaul

India is constantly tinkering with GDP data. It’s hard to rely on it now -Vivel Kaul

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published Published on Mar 3, 2020   modified Modified on Mar 4, 2020

-Newslaundry.com

In the latest instance, GDP growth projections for the first two quarters of 2019-20 have been revised up, making it easier to meet the annual growth target of 5 percent.

The Gross Domestic Product figures for the period of October to December 2019 were published late last week. GDP measures the economic size of a country.

Alongside, the GDP figures for the previous two quarters – April to June 2019 and July to September 2019 – were revised.

This is highly unusual given that GDP figures are typically revised at the end of the year, after better data becomes available. Unlike listed companies, unlisted companies declare their results only once a year. So, this data becomes available only once the financial year is over, as does better agricultural produce data. Informal sector data isn’t available on a quarterly basis either.

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Newslaundry.com, 3 February, 2020, https://www.newslaundry.com/2020/03/03/india-is-constantly-tinkering-with-gdp-data-its-hard-to-rely-on-it-now?fbclid=IwAR0uz1yWW2_TwVvz0bQ_VrazWwWyCmHHQyE4YKc00hQ6vjWH0qisM5ILv0U


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