-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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Back series GDP data not official: Ministry of Statistics -TCA Sharad Raghavan
-The Hindu This exercise will then be considered in the Advisory Committee on National Accounts Statistics and subsequently by the National Statistical Commission. The government on Sunday clarified that the back-series GDP data purportedly released by the government was just a draft using one of several possible calculation methods, and that the Ministry of Statistics and Programme Implementation (MoSPI) would announce the results when it settles on a final method. “It is clarified...
More »Double-digit delight for Manmohan era
-The Telegraph New Delhi: A new set of economic data put out by a sub-committee of the National Statistical Commission has shown that the UPA government under Prime Minister Manmohan Singh clocked a double-digit growth rate of 10.08 per cent in 2006-07. The new calculations have to be vetted by the Central Statistical Commission and by a standards authority before they become officially acceptable. If the figure holds even after that scrutiny,...
More »GDP grew in double digits twice in UPA era -Asit Ranjan Mishra
-Livemint.com The estimates of GDP and other related aggregates for the period 1993-94 to 2013-14 have been calculated by an NSC committee using a so-called production shift method New Delhi: India’s economy grew in double digits twice during the previous United Progressive Alliance government (UPA) under Prime Minister Manmohan Singh, 10.23% in 2007-08 and 10.78% in 2010-11, according to back series calculations by a committee appointed by the National Statistical Commission. However, the...
More »Income of farm households 23% higher than non-farm homes: Nabard survey
-The Hindu Business Line New Delhi: The income of agricultural households, which account for nearly half the rural households in the country, surged to Rs 1,07,172 in 2015-16 at a annual compound growth rate (CAGR) of 12 per cent since 2012-13. According to a rural survey carried out by the National Bank for Agricultural & Rural Development (Nabard), while the average annual income levels of non-agricultural households in 2015-16 stood at Rs...
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