-Business Standard This has reignited the debate on the accuracy of India's GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general In a research paper that analyses data on 17 different economic indicators in the real sector, former chief economic advisor of India Arvind Subramanian has said that India’s real gross domestic product (GDP) growth “was more likely to have been between...

-The Indian Express While official estimates have pegged average annual growth at around 7 per cent during this period, actual GDP growth is likely to have been lower, at around 4.5 per cent, says Subramanian New Delhi: In the midst of a raging controversy over India’s economic growth under the New GDP series, former Chief Economic Adviser Arvind Subramanian has concluded that the country’s growth has been overestimated by around 2.5...

-Livemint.com If there is no way to tell which part of the economy is doing well and which is not, policymakers will continue to have to rely on rough proxies and their intuition for decision-making A month after statisticians from the National Sample Survey Office (NSSO) published a report exposing holes in one of the key databases used in India’s gross domestic product (GDP) calculations the controversy around India’s New GDP series...

-The Indian Express The PLFS, however, said “compared to the quinquennial rounds, in 2017-18 the unemployment rates in both usual status (ps+ss) and CWS were higher for both males and females”, but added that the figures have to be read with explanatory note for comparability. New Delhi: The country’s unemployment rate stood at 6.1 per cent in 2017-18, the Periodic Labour Force Survey (PLFS) report which was withheld earlier and released...

-The Hindu The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office (NSSO) survey for 2016-17 that has just been released. Since such entities could be shell/fake/bogus companies included in the MCA-21 database of “active” companies used for estimating the gross domestic...