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LATEST NEWS UPDATES | The return of puzzling numbers for India’s GDP growth -Pranjul Bhandari

The return of puzzling numbers for India’s GDP growth -Pranjul Bhandari

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published Published on Mar 7, 2021   modified Modified on Mar 9, 2021

-Livemint.com

The Centre’s plan to pay off food subsidy arrears is likely to distort our GDP readings for multiple years

A puzzle of sorts has arisen—again—in India’s official gross domestic product (GDP) estimates. They don’t meet the smell test.

Back in 2015, the Central Statistics Office’s practice of using ‘single deflation’ instead of ‘double deflation’ during a period of falling commodity prices had distorted growth prints, as per our analysis. This time, too, there seems to be some distortion in growth numbers, but for a different reason.

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Livemint.com, 7 March, 2021, https://www.livemint.com/opinion/online-views/the-return-of-puzzling-numbers-for-india-s-gdp-growth/amp-11615136421541.html


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