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Posts by Amey Sapre

The challenge of identifying economic activities of firms

The reliability of India’s GDP estimates has been debated extensively. A key challenge in the construction of macro-aggregates lies in the proper identification of firms’ economic activities as fi...

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Communicating uncertainties in GDP data

In recent times there has been a lot of controversy around the accuracy and reliability of Indian GDP estimates. In this article, Amey Sapre and Rajeswari Sengupta contend that much of this confusion ...

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What does the new IIP series tell us about the state of manufacturing in India?

In May 2017, the Central Statistics Office released the new series of the Index of Industrial Production with 2011-12 as the base year, after a comprehensive revision of computation methods. The serie...

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Moving towards a principles-based drug retail policy in India?

The health ministry has proposed a new e-platform for tracking the country’s entire drug supply chain, including online sales. In this article, Smriti Sharma and Amey Sapre contend that the e-platfo...

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Studying revisions in Indian GDP data

The GDP numbers for a given year undergo a sequence of revisions based on data availability. The periodic revisions are meant to reveal the true picture of the economy, and affect macroeconomic forec...

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GDP conundrum: Some areas of concern around growth overestimation in Indian manufacturing

Based on the new GDP series, large upward revisions in manufacturing growth rates were made – from 1.1% to 6.2% in 2012-13, and from -0.7% to 5.29% in 2013 – 14 that were not reflective of the act...

  • Perspectives