Chief Statistician-t-c-a-anant

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Govt preparing to change GDP base year to FY18 by end-2018, says minister Sadananda Gowda
Business

Govt preparing to change GDP base year to FY18 by end-2018, says minister Sadananda Gowda

Last month, the CSO has changed the base of IIP, which measures factory output, to 2011-12 from 2004-05. Besides, the base year of Wholesale Price Index (WPI) has also been changed to 2011-12 from 2004-05

New series of WPI, IIP: Don't listen to naysayers, it is better indicator of economic activity
Business

New series of WPI, IIP: Don't listen to naysayers, it is better indicator of economic activity

The old IIP was including data from factories which had been closed down and therefore were not contributing to the index

Finance Minister Arun Jaitley slams Congress for doubting growth data
Business

Finance Minister Arun Jaitley slams Congress for doubting growth data

Responding to Jaitley, Congress leader Anand Sharma said: "We do not doubt GDP figures. We do not want question the credibility of the CSO".

GDP based on statistical robustness, not personal expectations: Chief Statistician
Business

GDP based on statistical robustness, not personal expectations: Chief Statistician

He said the tone of disbelief was not only specific to the GDP numbers, but was also there for the third quarter corporate results.

GDP data without demonetisation impact on informal sector lacks credibility
Business

GDP data without demonetisation impact on informal sector lacks credibility

The GDP numbers capture economic activity in the formal sector, which constitutes just 10-15 percent of the economy while the informal sector accounts for an estimated 45-50 percent