In this brief rejoinder to G Raveendran’s article “Good and Bad Statistics” (EPW, 16 September 2023), the authors argue that there is no empirical or theoretical ground for treating rates and ratios from the National Sample Survey as more reliable, under the assumption of similar underestimation in the numerator as well as the denominator.
Discrepancies inflate FY24 GDP growth figure financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Indias economy is likely to grow a better-than-expected 7.3% in FY24, faster than all major global economies, powered by a double-digit rise in investments, led by government spending, official data released on Friday showed.
GDP Growth At 7.3% In Govt's Crystal Ball menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The Indian economy is expected to grow faster in FY24 at 7.3% compared to 7.2% in the previous year, according to the first official estimate released on Friday. The Reserve Bank of India had pegged growth at 7%, while the ET poll median suggested 6.7% growth. The government estimates highlight the economy may grow 6.9% in the second half, spurred by higher investment and manufacturing.