Gross Value Added
Gross Value Added News
Few economists believed the new GDP data which showed tigerish GDP growth of 6.9 percent in 2013-14. It now seems that there could have been a goof-up where corporate value-added data may have been overestimated
The celebrations can perhaps wait a bit till the GDP numbers achieve the desired correlation with other critical factors in the economy and become more convincing
The new gross value added method of calculating GDP, announced on 30 January, shows that growth was up sharply in 2013-14 compared to the earlier computation. The UPA still lost because the people did not feel the revival taking shape
The government is planning to change the method of calculating GDP from this year. This will impact growth and deficit numbers marginally.
The change in the base year and also the conceptual framework, the release said, "will improve ease of understanding (data) for analysis and facilitate international compatibility".