-The Economic Times The NDA government has been a pioneer a number of times. Demonetisation and the goods and services tax (GST) are only its bestknown antics. Now it has taken the lead in politicising national income statistics. Normally, the Central Statistical Office (CSO) issues a press note every quarter, giving figures of national income and its components for the previous quarter. The figures do not make headlines. The common man has...
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Back and forth
-The Indian Express Quarrel over growth figures is nothing new. But it must not be allowed to spiral into a larger loss of economic data credibility The release of the new GDP back series data on Wednesday shows that the economy grew at an average of 6.7 per cent between 2005-06 to 2008-09 as well as between 2009-10 to 2013-14, the first four years of the UPA government’s two terms —...
More »As institutions change, so does data credibility
-Livemint.com An economy’s resilience and sustainability is best measured through its institutional strength The official back data on India’s gross domestic product (GDP), released by the Central Statistical Office (CSO) on Wednesday, runs the risk of denting the market’s trust and conviction in official data released by government agencies. The new data release contradicts the earlier findings of a committee set up by National Statistical Commission to develop a methodology for deriving...
More »Revised back-series GDP data poses a problem for SBI -- how did we really perform? -Mahua Venkatesh
-ThePrint.in SBI report says bank’s performance will have to be rewritten based on the new data and this can be contentious due to questions over credibility. New Delhi: The Narendra Modi government’s revised set of back-series GDP data, which slashed the average rate of growth during the UPA regime, pose “reconciliation problems regarding micro and macro data interpretation”, a State Bank of India (SBI) report said Thursday. A careful data interpretation will be...
More »Back series data trim GDP growth rates for FY05-12 -KR Srivats
-The Hindu Business Line But the economy size gets a bump-up under new Base Year New Delhi: It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new Base Year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years. However, the new methodology of changed Base Year (2011-12) with the latest data sources and improved coverage has bumped up...
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