GDP data

GDP data News

Passing the tax smell test

Subramanian’s growth claims would imply a strange boost in tax to GDP ratio.

Centre defends methodology after former CEA Arvind Subramanian says GDP growth figures 'overstated'

Arvind Subramanian, in an article published by The Indian Express, said his research found that the actual annual growth rate may have been about 4.5 per cent, below the official estimates of 7 per cent.


Explained: What is the fallout of a reduced GDP growth rate

Faltering growth puts pressure on the government and the Reserve Bank of India to take measures to boost growth. It will be difficult for the Centre to announce any fiscal stimulus or increase its spending as it is already facing a tight fiscal situation.

The economy is in a coma; low growth may have a bearing on poll outcomes

Quarterly GDP growth has set a record. It’s at a six quarter low. Our woes are compounded by the disaster in agriculture. Growth in 2018/19 is sharply lower at 2.7 per cent.

Slowdown in farm and manufacturing pushes GDP growth to 6.6%, six-quarter low

The overall GDP growth estimate for 2018-19 was also revised downwards to a five-year low of 7.0 per cent as per the second advance estimates released by government.

The deficit Problem

Centre increasingly takes recourse to non-market borrowings for public deficits. There is a cost to deficit-induced borrowings.


Simply Put: This back series, that back series

In new GDP back series data, average growth during UPA regime is down from previous estimates while growth during NDA is pegged higher than during UPA. Why do findings differ from one report to another?

In new GDP metrics, govt slashes growth in UPA 1 and UPA 2

The release of the GDP back series comes three years after the switch to the new base year of 2011-12 and three months after the release of a report of the Committee on Real Sector Statistics, which was submitted to the NSC.

Ahead of 2019 polls, govt slashes GDP growth rate during UPA era

Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office (CSO) estimated that India's GDP grew by 8.5 per cent in the financial year 2010-11 (April 2010 to March 2011) and not at 10.3 per cent as previously estimated.

Explained: Backstory of GDP back series and the controversy surrounding it

Why has a report suggesting that the Indian economy grew faster under the UPA than during the last four years, triggered a controversy? What goes into making statistical estimates such as these?