Even the Economic Survey had estimated the economy to lose 0.25-0.5 percentage points assuming a baseline 7 per cent growth rate for the financial year. But that didn’t mean the CSO data was defective, experts said. What’s added to the confusion are different scenarios painted by say, the manufacturing GDP data, and the index of industrial production. Yes, we should discuss how quarterly GDP data can be arrived at to make it more useful,” said Neelkanth Mishra, India equity strategist, Credit Suisse. These could be plausible reasons for the 7 per cent GDP growth estimate for October-December 2016,” he said.

Source: Indian Express March 01, 2017 22:52 UTC