Is GDP data a reliable way to measure the health of the economy?
RBI and multilateral agencies use GDP statistics to make claims about the future growth path. But how reliable is the Indian GDP data?
The NSO released the current GDP series in 2015, using 2011-12 as its base year. Since then, the new series has been embroiled in controversy. Some have argued that the problem in the new series is the real growth rate. This is debatable. Scholars have pointed to measurement problems, both in…
To read more: https://indianexpress.com/article/opinion/columns/gdp-data-indian-economic-recovery-7704719/
SOURCE: THE INDIAN EXPRESS