Economists vs statisticians — the battle being fought over the soul of India’s GDP data

[ The back-and-forth covers a wide variety of issues, from consumption levels, to how expenditure is measured, to how households are really spending their money, and whether the government is artificially making its GDP data look better than it is.  In the economists’ corner, we have three noted names: former chief economic advisor Arvind Subramanian, … Read more

GDP data calls for revisiting fiscal numbers

[ NEW DELHI: Government will have to either trim expenditure or target higher revenue to meet the 5.9% fiscal deficit target for the current financial year as the nominal GDP is estimated to grow slower than the budget estimate.Against an estimated nominal GDP of around Rs 302 lakh crore, which translated into 10.5% growth, the … Read more