The record
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- The Ministry of Statistics and Programme Implementation is preparing to publish historical GDP data for years preceding fiscal year 2022-23.
- The initiative follows recent methodological updates to India's national accounts, including the adoption of double deflation.
- Officials stated that running parallel series during the transition would cause confusion.
- Releasing this back-series aims to provide a clearer long-term view of economic performance under the new accounting framework.
Who said what1
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Saurabh Garg
Secretary
1 quote · 1 outlet
“India is planning to release the back series for years prior to 2022-23 by the end of this year.”
In the article
…releasing two official growths of GDP by running the old and new series concurrently would add to more ambiguity and confusion among the users and, therefore. None of the countries run the parallel series together. India is planning to release the back series for years prior to 2022-23 by the end of this year. Can MoSPI demonstrate that the improvement is not merely a change in methodology but also an improvement in the quality and availability of the underlying data? In earlier base series (e.g., 2011–12), the GVA of the…
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Named India · Advisory Committee on National Accounts Statistics · Department for Promotion of Industry and Internal Trade · Ministry of Statistics and Programme Implementation · Saurabh Garg
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