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. Read more
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. Read more
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. Read More
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. Read more