May 10, 2019

NSSO bomb shatters the calm on GDP front, new series data now under darker cloud

Sab Golmaal Hai

In what has suddenly lent a new seriousness to the bickering over contested GDP data, the National Sample Survey Office (NSSO) has found that 36 per cent of the companies taken into account for the new GDP calculation are either untraceable or had been categorised wrongly.

There is a high probability that India's growth figures will decline if these "ghost" companies are removed from the data.

Read more at: https://economictimes.indiatimes.com/news/economy/indicators/nsso-bomb-shatters-the-calm-on-gdp-front-new-series-data-now-under-darker-cloud/articleshow/69231296.cms

Clarification at https://economictimes.indiatimes.com/news/economy/indicators/extent-of-overestimation-of-gdp-in-all-likelihood-marginalsays-finance-ministry-amid-nsso-report-controversy/articleshow/69271927.cms

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