While official estimates pegged average annual growth at around 7 per cent during this period, actual GDP growth is likely to have been lower, at around 4.5 per cent, he said. So, a 7 per cent growth could be because of 4.5 per cent volume growth and the rest 2.5 per cent because of productivity. “Ever since the new GDP series was released, experts have been pointing out some dissonance in data with some indicators. The credibility of the revised GDP series is surely dented, and it has affected policymaking, as well as corporate decision making. “I understand many financial firms, especially global firms have stopped using Indian GDP, instead, they depend on the industry and sectoral data.

Source: Indian Express June 11, 2019 23:02 UTC