-TheWire.in How correct was it for the Central Statistics Office to have selectively used contested methods for preparing the back series data? The spotlight is back on India’s growth rates, three years after the gross domestic product (GDP) data using the 2011-12 base year was released. Before trying to delve into the controversy surrounding the back-series data – which saw GDP growth from 2006-2012 reduce significantly – it is important to understand how...
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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 »GDP back series data: New numbers do not pass the basic smell test; mess of the past has just got worsened -Vivek Kaul
-Firstpost.com In January 2015, India moved to a new method of calculating the gross domestic product (GDP). The trouble was that up until day before yesterday, data from only 2011-2012 onwards was available as a part of this new GDP series. Hence, any comparison with the years before 2011-2012 was not possible. On Wednesday, nearly four years after moving to a new GDP series, the government released GDP data for the years...
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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