Two ways to look at GDP

Researchers and academicians have raised doubts about the new methodology employed by the Central Statistics Office(CSO) to estimate India’s gross domestic product(GDP). In 2015,CSO had introduced a new series of National Account Statistics. The new series made several changes to estimate India’s gross domestic product(GDP).In particular,it revised the base year from 2004-05 to 2011-12.  However,the… Continue reading Two ways to look at GDP

PM’s panel rejects former CEA’s paper on GDP growth

PM Economic Advisory Council(PMEAC) has challenged former chief economic advisor(CEA) claim that India’s gross domestic product (GDP) was overestimated for most of this decade. Recently,former CEA had said that India’s GDP growth in the period 2011-12 to 2016-17 is likely to have been overestimated.He said that the growth during that period was actually 4.5% rather… Continue reading PM’s panel rejects former CEA’s paper on GDP growth

‘Ex-CEA’s paper does not consider key indicators

According to former planning commission member,former Chief Economic Advisor(CEA) analysis of economic growth is incorrect. He said that the analysis ignores the indicators related to the bulk of economic activity such as those measuring the agriculture,services and informal sectors. Recently,former CEA had said that India’s GDP growth in the period 2011-12 to 2016-17 is likely… Continue reading ‘Ex-CEA’s paper does not consider key indicators

Chief economic advisor included in finance commission’s advisory council

The Chief Economic Advisor of India,Dr. Krishnamurthy Subramanian has been included as a Member of the Advisory Council of the Fifteenth Finance Commission.In April,2018 the Fifteenth Finance Commission had constituted an Advisory Council. The role of the council is to (a)advise the Commission on any relevant issue related to the Terms of Reference(ToR) of the… Continue reading Chief economic advisor included in finance commission’s advisory council