GDP News

Extent of overestimation of GDP in all likelihood marginal, says finance ministry amid NSSO report controversy

This is the second time in three days that the government has come out with a release regarding the NSSO report. On Wednesday, the Ministry of Statistics and Programme Implementation had issued a release.

Current account deficit widens to 2.5% of GDP in Q3

Current account deficit was at 2.1% of GDP in third quarter of 2017-18


Misuse of economic data

Since the overwhelming Congress loss in the 2014 election, the misuse of statistics appears to be politically motivated.

China slashes 2019 GDP target to 6-6.5 per cent amid slowdown, trade war

The country, however, stated that the 2019 growth projection, lowest target set in nearly three decades, was “comparatively high” among major economies in the world.

India's GDP growth slows to five-quarter low of 6.6 per cent in Q3

The growth estimate has been lowered to 7 per cent in 2018-19 from 7.2 per cent released earlier, said Central Statistics Office.

From plate to plough: A race to atone for neglect of the farmer

But last-minute attempts, ahead of elections, are no substitute for the structural reforms and investments needed in the agriculture sector.


Equality beyond GDP

New India cannot view empowerment of women merely as economic resource.

GDP a 'fancy figure', growth must translate to well being on ground: Kamal Nath

Referring to the latest IMF forecast for Indian economy, he said, "GDP is a fancy figure and at times it can be misleading as one needs to see where all a 7.5 per cent growth figure translates into".

Across the aisle: Taking stock at beginning of year

Four months from today, a new government will be in office (according to the people’s verdict). Nothing that the present government will do between now and April 30 will alter the state of the economy radically.

India likely to overtake US to be world's second largest economy by 2030: Report

As per the economists, India is projected to accelerate to 7.8 percent by the 2020s while China’s will moderate to 5 percent by 2030 reflecting a natural slowdown given the economy’s size.

GDP Videos

‘Think of it the other way, not about govt raiding RBI, but how RBI could have behaved differently’

In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.

Post-demonetisation, GDP figures dip to 6.1 pc

Post-demonetisation, the GDP data has showed growth of India’s economy declined to 6.1 per cent in the January-March quarter. With a gross domestic product growth of 6.1 per cent in the fourth quarter, India has lost the tag of the world’s fastest growing major economy to China . For the full 2016-17 fiscal, GDP growth […]


'Railways in crisis going from bad to worse': Dinesh Trivedi

New Delhi, Feb 25 (ANI): Former railways minister Dinesh Trivedi wished Railway Minister Suresh Prabhu all the best for the upcoming Railways Budget. He said he was little worried about the railways because railways is a basic system anywhere in the world, which adds to half percent to the GDP. If the railways doesn’t do well, you cannot contain even your food inflation.

India has the same per capita income as Nigeria, Ghana and Kenya: Onno Ruhl

In this Idea Exchange, World Bank India – Country Director Onno Ruhl speaks about the state of social indicators in India, dealing with the Maoist issue,  on the ease of doing business here,  fund cuts to NGOs and the difference between the previous and the current governments