-The Times of India India's gross domestic product growth rate has been overstated by about 2.5 percentage points per year post 2011, former chief economic adviser Arvind Subramanian has said in a research paper, prompting economists to doubt the size of the claimed overestimation, and the government to defend the data . Subramanian also called for revisiting the entire methodology and implementation for GDP estimation by an independent task force, comprising national...

-The Telegraph Until now, Modi was the only one who represented the government in Niti Aayog Prime Minister Narendra Modi on Thursday approved the reconstitution of the Niti Aayog, the policy think-tank created in January 2015 out of the remains of the outmoded Planning Commission, by inducting home minister Amit Shah as an ex-officio member along with three other ministers who have been similarly designated. The other ex-officio members of Niti Aayog are...

-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...

-TheWire.in "I think the fact that the whole [NSSO] exercise began with a fundamental premise of keeping it comparable, that has been forgotten." The fierce debate over India’s unemployment figures came to a head last week, when a jobs data report by the National Sample Survey Office (NSSO) was finally made public. This report has been a source of contention ever since two members of the National Statistical Commission (NSC)  resigned allegedly...

-The Economic Times January-March quarter growth may have slumped to 6-6.3% against 6.6% expansion in the preceding one. NEW DELHI: India’s economic growth is likely to have slipped below 7% in FY19, the lowest in the past five years, because of a disappointing fourth quarter. That could prompt a further cut in interest rates by the central bank and renewed efforts by the incoming government to drum up demand and private investment,...