GDP News

Strong rupee, lower GDP likely to tame inflation in India: Asian Development Bank

India will be the main driver to lower the inflation for the South Asian region, ADB said in a supplement to Asian Development Outlook (ADO) 2019.

$5 trillion economy is not an extraordinary goal

The CEA has good reason to be worried about the insufficiency of domestic resources. Government/ public investment can be made only out of tax revenues and public sector surpluses. Of these, tax revenues are under pressure. 2018-19 was a particularly dismal year; yet the government has set aggressive targets for tax revenues in 2019-20. Evidently, the CEA does not share the government’s optimism.


By ignoring final numbers for 2018-19 in formulating budget estimates, govt has presented incorrect data

Can there be any excuse to just reproduce the interim budget figures in July when the Ministry had the data given to the CGA? Further, the data was presented in the Economic Survey, so why not in the budget?

Getting the GDP numbers right

Estimates are not perfect, but the process is revised and fine-tuned.

The most off-track of them all

Arvind Subramanian’s method of estimating GDP suggests that Germany over-estimates and Brazil under-estimates it the most. India is only a mild outlier.

DBS revises India GDP forecast for FY20 down to 6.8 pc

The Reserve Bank of India's policy stance was changed from neutral to accommodative, opening the door to further easing, wrote Radhika Rao, Economist at DBS Group Research.


Lacks rigour, simplistic: PM advisory team rejects ex-CEA GDP downgrade

The EAC note states that the former CEA used 17 indicators and a majority of these were taken directly from Centre for Monitoring Indian Economy (CMIE), a private agency that is not a primary source of information but collects it from different sources.

Is it possible that GDP was over-estimated and no one knew about it, including economists in govt?

Is it possible that growth was over-estimated by a large 250 bps a year for five years and no one knew about it, including economists in government?

Ex-CEA Arvind Subramanian cutting GDP growth 2 pc points: Govt defends its data

Arvind Subramanian, in a recent research paper published at Harvard University that formed the basis of his piece in The Indian Express Tuesday, concluded that the country’s growth has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17.

Listen to him

Instead of looking for ex-CEA’s motives, all sides would do well to address the key questions his paper raises on the slowdown

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