We meticulously update and analyse our dashboard of high frequency indicators and cut out the surrounding noise of confusing macro data. The first is how we incorporate macro data in India into our portfolio construction framework considering the recent confusion and contradictions surrounding the new gross domestic product (GDP) data series. So, while the debate on the accuracy of the macro data will continue, it does not cause any major impediments to our stock selection process. As investment professionals, we need to work around the macro numbers that the CSO churns out, with more granular, timely and accurate data. The scepticism surrounding the accuracy of the GDP data under the new series has been discussed ad nauseam since it was introduced in January 2015.

Source: Mint May 15, 2016 13:03 UTC