-Business Standard "Under the new GDP series, there has been reallocation of a few items from one sector to another, from services to manufacturing sectors" The back series data of GDP released recently by a panel of experts has evoked sharp reactions among political circles and experts. N R Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report...
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MoSPI says back series GDP figures 'not official', formal data later
-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...
More »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 »Employment-Unemployment Statistics in India: An Urgent Need To Reinstate The Surveys And Release The Data -Sona Mitra
-Vikalp.ind.in In a recent interview with the Swarajya magazine, the Prime Minister of India apparently said, ‘more than a lack of jobs, the issue is a lack of data on jobs’[1]. For those of us who have been using the National Sample Survey Organisation (NSSO) data on employment and unemployment for decades now, such a statement made by the government, come as a surprise. As a researcher I have been using...
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