Is India’s GDP Growth Overstated? No!
- GDP growth is a critical variable for decision-making by investors and policymakers. Therefore, the recent debate about accuracy of India’s GDP estimation following the revised estimation methodology in 2011 is extremely significant.
- As countries differ in several observed and unobserved ways, cross-country comparisons have to be undertaken by separating the effect of other confounding factors and isolating effect of methodology revision alone on GDP growth estimates.
- Models that incorrectly over-estimate GDP growth by 2.7 % for India post-2011 also misestimate GDP growth over the same period for 51 out of 95 countries in the sample.
- Several advanced economies such as UK, Germany and ....
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- 1 Chapter 9: Agriculture and Food Management – Plenty of Upside Left If We Get It Right
- 2 Chapter 10: Industry - Small and Medium Matters
- 3 Chapter 11: Services - Fuelling Growth Opportunities
- 4 Chapter 12: Infrastructure – Lifting Potential Growth
- 5 Chapter 13: Climate Change and India: Why We Must Look at the Problem through Our Lens
- 6 Chapter 1: State of the Economy – Steady as She Goes
- 7 Chapter 2: Monetary Management and Financial Intermediation- Stability is the Watchword
- 8 Chapter 3: Prices and Inflation - Under Control
- 9 Chapter 4: External Sector - Stability amid Plenty
- 10 Chapter 5: Medium-Term Outlook – A Growth Strategy for New India
