Goldar rejects claims of significant overestimation in India’s old GDP growth figures
Updated
Updated · ideasforindia.in · Apr 22
Goldar rejects claims of significant overestimation in India’s old GDP growth figures
4 articles · Updated · ideasforindia.in · Apr 22
Goldar finds that only about 10% of India’s aggregate GVA used organised-sector proxies, and methodological issues led to at most a 30 basis point adjustment in growth rates.
He argues that concerns over the use of wholesale price index for deflating services and proxying informal sector growth are largely unfounded, as these affected a limited portion of the economy.
Comparisons with the new 2022-23 base year data show minimal differences, and any small overestimation is offset by underestimations elsewhere, suggesting India’s GDP growth was not significantly overstated.
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