Aarati Krishnan (for Info only, not official)

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Aarati Krishnan

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    ...This debate should have been settled with the latest second advance estimates from the Central Statistics Office (CSO) which peg FY17 GDP growth at 7.1%. But commentators who believe that the economy has suffered a debilitating blow from the note ban are not willing to rest their case here. They have flagged a long list of issues with these GDP numbers, apart from hinting that the numbers are fudged. However, this is taking the criticism a little too far. A closer analysis of the CSO’s estimates suggests that, contrary to perception, they do factor in the impact of the note ban. And while India’s GDP estimation method could certainly do with improvements, the CSO has been both transparent and consistent with its methods, allowing little room for suspicions of window-dressing. Why so high? First, the sceptics ask, how did the GDP growth for FY17 turn out to be so high? The 7.1% number is unchanged from the CSO’s initial estimates and is also well above the 6.5%-6.8% growth estimated by most private forecasters. ...

    The Hindu on March 7, 2017, 2:26 a.m.

    Media Object

    Short extract

    ...This debate should have been settled with the latest second advance estimates from the Central Statistics Office (CSO) which peg FY17 GDP growth at 7.1%. But commentators who believe that the economy has suffered a debilitating blow from the note ban are not willing to rest their case here. They have flagged a long list of issues with these GDP numbers, apart from hinting that the numbers are fudged. However, this is taking the criticism a little too far. A closer analysis of the CSO’s estimates suggests that, contrary to perception, they do factor in the impact of the note ban. And while India’s GDP estimation method could certainly do with improvements, the CSO has been both transparent and consistent with its methods, allowing little room for suspicions of window-dressing. Why so high? First, the sceptics ask, how did the GDP growth for FY17 turn out to be so high? The 7.1% number is unchanged from the CSO’s initial estimates and is also well above the 6.5%-6.8% growth estimated by most private forecasters. ...

    The Hindu on March 6, 2017, 10:24 p.m.