-The Hindu Business Line Fears over shell companies inflating the GDP are overdone, but the CSO needs to be more transparent in its methods Just as the dust was settling on the controversy over the Centre deferring the release of NSSO’s labour force survey which showed unemployment numbers in an unflattering light, a new one has broken out on the veracity of the MCA-21 database used in GDP calculations. The economic commentariat...

-The Hindu Business Line Such computation will underestimate GDP, says the former Chief Statistician The National Sample Survey Office’s (NSSO) recent study involving samples from the MCA-21 database has put the whole GDP computation methodology under FIRe, but on a wrong basis, according to former Chief Statistician of India Pronab Sen. The NSSO study had revealed that there are several more shell companies in the system than what the Centre realised. Having numerous...

-Hindustan Times The NSSO report, findings of which were FIRst published in Mint on Wednesday, found that 36% of the companies in the MCA-21 database maintained by the ministry of corporate affairs (MCA) could not be traced or were wrongly classified. New Delhi: The ministry of statistics and programme implementation (MoSPI) has downplayed the controversy around India’s gross domestic product (GDP) data after a National Sample Survey Office (NSSO) report raised serious...

-The Hindu Shell companies in MCA-21 submitting balance sheets regularly very much part of measurement, says former chief statistician The deficiencies found in the MCA-21 database of the corporate sector, where more than a third of the sample companies were either untraceable, out of coverage, or closed, will not have a major impact on the calculation of GDP and GVA, according to prominent statisticians closely associated with the subject. A recent report by...

-Livemint.com * A third of the FIRms in MCA-21 database used to calculate GDP found dodgy * Results from the MCA-21 database survey were so disappointing that two reports based on it had to be junked NEW DELHI: A key database introduced in India’s new gross domestic product (GDP) series has now been found to be full of holes, raising fresh questions over the controversial and contested GDP numbers in Asia’s third-largest economy. A...