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LATEST NEWS UPDATES | Question mark over CSO's independence -Dennis Rajkumar

Question mark over CSO's independence -Dennis Rajkumar

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published Published on Dec 11, 2018   modified Modified on Dec 11, 2018
-The Hindu Business Line

The sharp cut in back-series growth rates for some years in methodologically unsound. It suggests political interference

The recent release of the back series of national income has raised a series of controversial reactions. It is understandable for, the gross domestic product (GDP) numbers and the resulting growth estimates provide analytically useful, more powerful than commonly understood, perspectives encompassing not only economic but also social and political spheres.

To begin with, there have been critical comments on the nearly four years of gap between the release of revised 2011-12 series in January 2015 and now the back series in November 2018, unlike in the earlier series.

But it has to be realised that unlike in the earlier revisions, there have been many radical changes in the coverage of sectors as well as the methodology of estimation in the 2011-12 series adopted with a view to implementing, to the extent feasible, the recommendations of the UN System of National Accounts (SNA) 2008. These changes also have had their strong rationale in attempting to improve the data base of the Indian economy. In this context, the general perception that the data base of the Indian economy has been weak only because of the poor data available for the unorganised sectors, is obviously wrong.

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The Hindu Business Line, 10 December, 2018, https://www.thehindubusinessline.com/opinion/question-mark-over-csos-independence/article25711899.ece?homepage=true


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