World Economy
0

Doubting Data

Doubting DataDoubting Data

Taken at face value India will post robust quarterly growth figures on Monday, but changes in the way Asia’s third largest economy is measured has left analysts and the government’s own chief economic advisor doubting how far the data can be trusted, PTI reported. Just over a week ago, everyone was working under the assumption that India was still struggling to gather momentum under Prime Minister Narendra Modi’s reform-minded government. Prior to Modi’s election in May, the economy had endured its weakest phase of growth since the mid-1980s. Then India’s statisticians re-worked the numbers, changing both the way it calculates gross domestic product and the base year. Suddenly the economy appeared to be motoring again.

Financialtribune.com