-Livemint.com India’s statistical system suffered credibility shocks when the GDP series was released Last week, the NITI Aayog released the back series of gross domestic product (GDP) data on base 2011-12 for the years 2004-05 to 2011-12. The series was eagerly awaited by researchers as well as policymakers ever since the base was revised in January 2015. This release follows an unofficial release of the report of the committee on real...
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India's GDP Debate: What Explains Reduced Growth Rates Under the UPA? -R Nagaraj
-TheWire.in How correct was it for the Central Statistics Office to have selectively used contested methods for preparing the back series data? The spotlight is back on India’s growth rates, three years after the gross domestic product (GDP) data using the 2011-12 base year was released. Before trying to delve into the controversy surrounding the back-series data – which saw GDP growth from 2006-2012 reduce significantly – it is important to understand how...
More »No, we can't compare Global Hunger Index rankings between two reports
Like last year, this year too journalists and media persons have compared India's Global Hunger Index (GHI) ranking vis-à-vis its position in previous years. Even the social media is buzzing with commentaries on the fallen GHI ranking of the country. The question remains whether such a comparison is possible. The newly released report entitled 2018 Global Hunger Index: Forced Migration and Hunger clearly says that the GHI scores are comparable within...
More »Why factory output figures are suspect -R Nagaraj
-The Hindu Business Line The MCA database, which underpins the jump in factory GDP, is unconvincing. The ASI method was set aside for wrong reasons In early 2015, the Central Statistical Office (CSO) introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year, replacing the earlier series with the base year 2004-05. It is the CSO's routine job to make such revisions, roughly once in a decade,...
More »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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