Moneycontrol
Last Updated : Jan 09, 2018 08:34 PM IST | Source: CNBC-TV18

CSO is conservative in its methodology: TCA Anant

Last week the government came out with the GDP estimates for the Indian economy. CNBC-TV18 caught up with TCA Anant, Chief Statistician of India to find whether the methodology adopted by the CSO's office is too conservative.

CNBC TV18 @moneycontrolcom

Last week the government came out with the GDP estimates for the Indian economy and here's what the data suggests. The Indian economy is set for a slowdown in FY18. The GVA or the gross value added is set to grow at just 6.1 percent, much below what the street was expecting. Even the RBI had estimated GVA at 6.7 percent. This would be the slowest rate of growth in the last 4 financial years.

The GDP is set to grow at 6.5 percent, slightly higher than the GVA, but even this is the slowest rate of growth since FY14 when the UPA government was in its last year of power. CNBC-TV18 caught up with TCA Anant, Chief Statistician of India to find whether the methodology adopted by the CSO's office is too conservative.

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First Published on Jan 9, 2018 08:26 pm

tags #Economy

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