The new numbers show India's economic growth rate averaged 6.7 per cent during the Congress-led United Progressive Alliance regime as compared to 7.3 per cent under the present government. Previous numbers had put the average growth rate during the 10-year UPA rule at 7.75 per cent.
CRISIL chief economist D K Joshi is of the opinion that GDP is an indicator of the health of the economy.
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In 2008-09, the economy grew at 6.7 per cent despite poor farm sector growth of 0.4 per cent.
India's informal economy and service sector accounts for over three-fifths of its $1.8 trillion economy.
Finance Commission has got new team who are committed to growth initiatives.
Given the rapid changes in the Indian labour market, there is an urgent need to have current, accurate and publicly available data through regular, dynamic and comprehensive surveys. Indeed, this was the intention behind constituting the NITI Aayog Task Force on Improving Employment Data. The attempts by the government to "improve" labour data has actually made it worse, say Rosa Abraham, Janaki Shibu & Rajendran Narayanan.
Much of the Q3 data will simply not be available for the CSO to factor in its calculation.
The GDP always has a base year, which defines the composition of the economy in that year. As the composition changes, the base year needs to be revised regularly. Abhishek Waghmare explains how that is done.
According to the final recommendations of an expert committee, the weight of primary (unprocessed) food items will go down by 0.5-1.0 percentage points in the new series compared to the current one
The panel finds 'discrepancy' in the Annual Survey of Industries data.
Data show 75 per cent of the girls in 2011 were those who did not contribute to any economic activity (termed as non-workers by Census) -- these could include students, those involved in household chores, beggars, or those not helping in even unpaid work in the family, etc.
Is India witnessing jobless growth or is there actually no issue with employment? The real story is between the first two suggesting that though there is sufficient employment, the challenge is to create well-paying quality jobs, says Amitabh Kant.
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
He was most recently credited as one of the brains behind labour law reforms in Rajasthan
RBI Governor Raghuram Rajan has noted the contradiction.
Country's economic growth at 9% requires exports to rise by around 20%, says NSC chairman Pronab Sen
'We are looking at the Budget with the hope that it will address all issues even at the cost of exceeding the fiscal deficit target.'
Maybe the new methods of measuring GDP helped us get an accurate picture.
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
New data is puzzling as these aren't corroborated by other data
Even if the new body focuses on long-term planning, it is unlikely to do so through five-year Plans.
SBI data shows the per-capita payouts for scheme have shot up this year.
Latest official data shows that investment is, in fact, showing signs of a moderate pick-up.
India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.
The greatest disconnect lies in the estimates of industrial growth.
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
Union Budget had projected the fiscal deficit at Rs 5.56 lakh crore.
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During April-February, the index of industrial production, a measure of factory activity, declined 0.1 per cent compared with a 0.9 per cent growth in the corresponding period of 2012-13.
Fresh investments are constrained by tepid demand.
Experts say it will make GDP growth target of 5.7-5.8% difficult to achieve, while ministries feel late resurgence will help in sowing of rabi crops.
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
The estimates of national income and growth do not pass the 'smell test'.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
'A lot will depend on the first Aayog and the power it derives.'
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