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Latest in Media

MPC member Ravindra Dholakia questions new GDP series methodology

The Reserve Bank of India has maintained its full-year growth forecast at 7.4 percent, while flagging risks from high oil prices and trade tensions turning into a currency war.
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Does India's New Series GDP Data Overestimate Manufacturing Output?

The new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added, resulting in manufacturing assuming a higher share in India’s GDP and growing at a faster rate compared to the older series.
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Manufacturing Output in New GDP Series: Some Methodological Issues
-Ravindra H Dholakia, R. Nagaraj, and Manish Pandya
The new gross domestic product series, with base year 2011–12, has mostly replaced the Annual Survey of Industries with corporate financial data for estimating manufacturing value added.
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Why factory output figures are suspect ?
- R. Nagraj
The MCA database, which underpins the jump in factory GDP, is unconvincing. The ASI method was set aside for wrong reasons.
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