-The Telegraph After debunking faith in numbers, assertions by powerful and charismatic leaders can be projected as the truth The comment on the weaponisation of economics by the former chief economic adviser, Arvind Subramanian, is a telling indictment of the way political interests trump such other considerations as veracity and transparency. The latest round of revisions in the rate of growth of gross domestic product is a perfect example of the use...
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Under fire, NITI Aayog says was told to look at GDP back series data -Sunny Verma
-The Indian Express Many economists have questioned the NITI Aayog’s role in the release of the statistical exercise of CSO, which comes under the Ministry of Statistics and Programme Imple- mentation (MoSPI). New Delhi: Facing Criticism over the NITI Aayog’s presence at the release of the GDP back series data by the Central Statistics Office (CSO) last week, Aayog Vice-Chairman Rajiv Kumar said his department was asked to “have a look”...
More »Why India's New GDP Math Lacks Credibility -MK Venu
-TheWire.in The new back-series GDP data, released four months before the 2019 general elections, fails several common sense tests. India’s back-series GDP (gross domestic product) data, released by the NITI Aayog just four months before the 2019 general elections, turn the basic laws of macroeconomics on their head. Here’s one that is most intriguing. The data show lower GDP growth during the UPA years, which is when the gross investment to GDP...
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 »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 —...
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