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NR Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy (NIPFP) and author of the series presented in a report to the National Statistical Commission, interviewed by Abhishek Waghmare (Business Standard)

-Business Standard "Under the new GDP series, there has been reallocation of a few items from one sector to another, from services to manufacturing sectors" The back series data of GDP released recently by a panel of experts has evoked sharp reactions among political circles and experts. N R Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report...

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ILO: Strong wage policies are key to promote inclusive growth in India

-ILO News Despite real wage growth, inequality, informality and gender wage gap persist. New Delhi: While India’s economy in the past two decades has seen an annual average GDP rate of 7 % — low pay and inequality persist according to the India Wage Report: Wage policies for decent work and inclusive growth , published by the International Labour Organization. The NSSO estimates also indicate that the real average daily wage has doubled...

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Modi govt: Don't quote report that showed higher GDP growth under UPA than NDA -Mahua Venkatesh

-ThePrint.in Report by government-backed panel has pegged average growth under UPA at 8%, higher than that during 4 years under NDA. New Delhi: The Modi government has said that a GDP report that showed higher growth during the UPA years than under four years of NDA rule is only a draft and “should not be quoted anywhere”. The back-series GDP growth report was published on the website of the Ministry of Statistics and...

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New data: UPA did just fine till 2011

-The Economic Times The first cut of the back series of GDP numbers based on the new methodology and new base year of 2011-12 have finally been released. The Central Statistics Office will confirm this, sooner or later. What the new series does show is that India is capable of attaining double-digit growth (10.2% in 2007-08 and 10.8% in 2010-11), and of recovering fast from a sharp slowdown inflicted by global...

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MoSPI says back series GDP figures 'not official', formal data later

-PTI As per the back series data on GDP, Indian economy clocked a 10.08 per cent Growth Rate in 2006-07, the highest since liberalisation of the economy in 1991 New Delhi: Amid ongoing controversy over the back series GDP figures showing better economic performance during the UPA regime, the Ministry of Statistics and Programme Implementation (MoSPI) on Sunday said "these are not official estimates" and the data will be released officially later. As...

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