Tag Search: “data”
Forecasting growth in times of transition
As per official data released on 31 August 2017, the Indian economy grew at 5.6% in the first quarter of the current fiscal year – in congruence with forecasts of National Council of Applied Economic ...
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Bornali Bhandari
08 November, 2017
- Perspectives
The lad(y) doth protest too much, methinks
Former Finance Minister Yashwant Sinha has trashed the present government’s track record on economic management. In a recent article, economist Surjit Bhalla refuted Mr. Sinha’s claims with a point-by...
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Pronab Sen
13 October, 2017
- Perspectives
India’s GDP: Deflating the right way
A non-ending debate on the GDP growth numbers brought out by the Central Statistics Office has been doing the rounds. In light of the mismatch between recent trends in the growth rate and an array of ...
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Jyoti Sharma
12 October, 2017
- Articles
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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Radhika Pandey
Amey Sapre
Pramod Sinha
02 August, 2017
- Articles
Using drones for social sector research
While drones have historically been used in military operations, their application for peaceful purposes has risen steeply in recent years. In this note, representatives from Outline India - a resear...
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Prerna Mukharya
19 June, 2017
- Notes from the Field
On India's latest GDP numbers
India’s latest GDP data shows that the economy grew at 7% in the previous quarter, despite demonetisation. In this article, Abhijit Banerjee discusses why the new numbers are likely to be an overestim...
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Abhijit Banerjee
25 March, 2017
- Perspectives
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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Amey Sapre
Rajeswari Sengupta
28 November, 2016
- Articles
GDP conundrum: A synoptic view
R Nagaraj, Professor of Economics at IGIDR, summarises the key points of controversy around the methodology and implications of the new GDP series.
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R. Nagaraj
20 November, 2016
- Perspectives
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 actual ...
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Amey Sapre
18 November, 2016
- Perspectives
GDP conundrum: What makes the changes in the new series so radical?
Dennis Rajakumar and S.L. Shetty of the EPW Research Foundation, present a detailed explanation of the wide-ranging changes in the new 2011-12 National Accounts Statistics series.
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J. Dennis Rajakumar
S.L. Shetty
16 November, 2016
- Perspectives
Introduction to e-Symposium: The GDP conundrum
Ever since India’s Central Statistical Organisation came out with the new GDP series with 2011-12 as the base year, controversy has surrounded it. The CSO claims that the new series is calculated bas...
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Parikshit Ghosh
16 November, 2016
- Symposium
GDP conundrum: Is India booming?
Rajeswari Sengupta, Assistant Professor at IGIDR, points out that the methodology used for the new GDP series seems to be underestimating the GDP deflator, which in turn is causing real growth to be o...
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Rajeswari Sengupta
16 November, 2016
- Perspectives