NEW DELHI — Economists and investors are increasingly showing that they have little or no confidence in India’s official economic data – presenting whoever is elected as the next prime minister with an immediate problem. Ten economists and analysts at banks, think-tanks and foreign funds interviewed by Reuters said they were moving to use alternative data sources, or at least official data of a different kind. The preliminary evidence from the index, which includes components like car sales, air cargo and purchasing managers’ index data suggests the government has over-estimated GDP growth, he said. With economic growth pegged at over 8 percent a year, they had expected a pick up in demand by small businesses and household. There are already plans to revamp data compilation and capture the nuanced relationship between prices and real GDP, he said.

Source: Huffington Post May 10, 2019 03:00 UTC