The greatest disconnect lies in the estimates of industrial growth.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
There is lack of scientific basis in computing the poverty line, says govt.
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
Agriculture, which accounts for 14% of GDP grew at 3.2% in the quarter
Manufacturing sector grows at 3.5%; agriculture sector at 3.8%
The non-oil, non-finance sector of the economy is under severe stress.
India said its economy grew 7.3 percent in the October-December quarter.
This was even as the country's economy grew by 7.3%.
What is required from government is intellectual framework.
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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.
The new IIP numbers should spread cheer among those who were part of the Manmohan Singh-led United Progressive Alliance, earlier accused of having presided over a steady deterioration in industrial performance, particularly in the last two years of its tenure, says A K Bhattacharya.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
The new national income numbers produced by the Central Statistics Office (CSO) have elicited two kinds of reaction.
The Budget decides to take the lead in revving up infrastructure.
Technically, the Indian economy is on road to recovery.
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
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Net profit grew 25.4% in Q4 but revenue growth, lower at 8.5%, suggests lack of volume expansion.
The estimates of national income and growth do not pass the 'smell test'.
Chief Economic Advisor Arvind Subramanian says that he hopes GDP growth will be at the upper end of the 7-7.5 per cent range.
The new numbers did not apparently pass consistency checks with production, inputs, or movements in the National Stock Exchange.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
Few readers will remember the socialist utopia of Indira Gandhi when food queues were the norm even for the middle class and tankers supplied water at odd hours of the night twice a week. Is that what you are trying to return us to, dear Congress, asks Jaideep Prabhu
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