Monday, September 28, 2020

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After demanding 5-6% of GDP as economic package, Congress claims 10% of GDP announced by PM is not enough, says package should be 50%...

MP Congress said that the package announced by PM Modi worth 10% of GDP not enough, it should be 50% of GDP

Economic Advisory Council slams Arvind Subramanian, says his criticism of GDP estimation methodology ‘lacks rigor’

The Economic Advisory Council to the Prime Minister (EAC-PM) has released a detailed analysis of India’s new GDP estimation methodology.

GDP calculation system revised in line with international standards: govt clarifies Arvind Subramanian’s allegations of overstating growth numbers

Govt says GDP numbers calculated as System of National Accounts 2008 (2008 SNA) adopted by United Nations Statistical Commission

India’s GDP grew by 6.8% in the last financial year, quarterly rate fell below 6% in the last quarter

The GDP growth rate for the financial year 2018-19 was 6.8% at constant price, and 11.2% at the current price.

The discussion around GDP data is driven by political and ideological belief, not data and facts

The recent debate regarding the GDP has come with the backdrop of a report that suggests that the MCA-21 database has 36% of its companies unsuitable for collection of data

GDP data: Liberal crowd must explain what happened to the last conspiracy theory before moving to next one

Conspiracy theorists create a cloud of misinformation by throwing a bunch of claims at people, some half true, some false, some impossible to verify

RBI Policy: Repo rate cut by 25 bps, GDP projected at 7.4%, EMIs may come down

The RBI has also brought down the Repo rate by 0.25 basis points bringing it from 6.5% to 6.25%

At 7.3%, the average GDP growth over last 4 years has been highest for any government since 1991: PM Modi at Vibrant Gujarat

Various initiatives taken by the Modi government have helped India improve the GDP and contain inflation

Agriculture, Manufacturing and Industry to push GDP growth to 7.2% in 2018-19 as against 6.7% last year

The numbers suggest growth in agriculture, manufacturing and construction sector contributing massively to the GDP

Latest GDP and growth figure revision is based on robust and rigorous methodology

According to the revised GDP numbers released by the government on Wednesday, India’s economic growth under the previous Congress-led coalition government was slower than estimated earlier and was never in double digits.
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