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How Mild Steel Slabs rescued the Index of Industrial Production

Is the Index of Industrial Production an accurate yardstick?

Did fragrances really contribute 2.5 percentage points to IIP growth in October?

The Empire Strikes Back, Starring Rene Descartes

China has done very well despite the widespread perception its GDP numbers are very dodgy

MOSPI orders revamp, merges NSSO, CSO into NSO

The order did not speak anything about the National Statistical Commission (NSC), which was overseeing statistical works in India.

Fresh Row: What is India’s GDP and how is it calculated?

An NSSO survey has found many companies as untraceable, triggering a debate whether India has been overestimating its GDP levels and growth

Macro Matters | The NSSO spills the beans about the new GDP series

The report casts serious doubt about the credibility of a database used to compute GDP

Modi government delivered highest growth rate during demo year: CSO data

The Narendra Modi-led government assumed office in May 2014.

GDP growth slows down to 7.1% in September quarter

The manufacturing sector grew 7.4 percent in July-September, slowing down considerably from 13.5 percent expansion in the previous quarter and 7.1 percent a year ago.

DECODED: What’s the fuss about the new GDP data?

The data has triggered a raging debate over the formula with the Congress accusing the government of manipulating data.

SBI expects Q1 GDP growth at 7.7 percent

The report says major indicators driving the GVA in Q1 FY19 are cement production, passenger traffic, sale of both commercial vehicle and passenger vehicles, non-food credit growth and aircraft movement.

India's GDP growth in Q4 of FY18 seen at 7.4%: Icra

The Central Statistics Office (CSO) is scheduled to come out with GDP estimate for the fourth quarter (Q4) of fiscal 2017-18 and provisional annual estimates for the year 2017-18 on May 31.

India's factory output expands at 7.5 percent in January

Factory output measured by the index of industrial production (IIP) is the closest approximation for measuring economic activity in the country’s business landscape

India’s factory output grows 7.1% in December

India’s industrial output growth momentum continued as it grew at 7.1 percent in December, aided by robust manufacturing output, data released by Central Statistics Office showed.

Growth likely to be higher than CSO estimate of 2.1%: Agriculture Ministry

Last week, Central Statistics Office (CSO) had pegged farm and allied sector growth at 2.1 per cent for 2017-18, much lower than 4.9 per cent achieved in the 2016-17.

GDP growth at 6.3% in Q2 as economy perks up

Data showed that the GST-induced supply shock may have eased considerably, helping a rebound in the broader economy.

Q1 GDP data at 5.30 pm today: 5 things to watch out for

Will the Indian economy’s growth rate push closer to 7 percent? Has the economy turned the corner after the demonetisation blip? Do the effects of currency recall continue to hold sway over households and companies? The national income estimates will have the answers

New GST worry: Measuring GDP growth without past tax collection data

CSO may have to rely on approximations for growth calculations in the next four quarters given the indirect tax system’s overhaul under GST

Change in base year for GDP a regular global practice: Govt

Change of base year to calculate GDP is done in line with the global exercise to capture economic information accurately, the government said today.

Capital goods turn corner, Jan IIP rebounds from Dec lows: StanC

The industrial output data in the month of January shows that there is a rebound from the contractions in the month of December. Capital goods output gave a positive surprise at 10.7 percent. According to analyst Anubhuti Sahay, the drag down in cables and wires has faded which has pushed the capital goods number on the higher side.

Govt may unveil IIP, WPI with 2011-12 base year by April-end

The change in the baseline for IIP and WPI, currently at 2004-05, is expected to bring in more accuracy in mapping the level of economic activity and calculating other numbers like national accounts.

India's GDP growth appears solid, says noted US economist

Noted American economist Steve H Hanke has said that India's economic growth for 2016-17 is appearing 'solid' because the GDP figures did not take into account adverse impact of demonetisation on informal economy.

Higher reported income after note ban may have magnified GDP: CS

Deepali Bhargava, Economist at Credit Suisse expects GDP growth to accelerate to 7.4 percent in FY18.

EC bars CSO from releasing state-specific data during polls

The CSO, which released the quarterly GDP figures today, has been barred by the Election Commission from releasing any state-specific data during the ongoing assembly elections lest it should influence voting pattern.

India Inc pitches for reforms as economy grows 7% in Q3

With the GDP growing by 7 percent in the third quarter, India Inc said the economy is getting back on track yet reforms are needed to revive investments and push demand hit by note ban.

Expect Q4 numbers to reflect the impact of demonetisation: Ghosh

"Possibly we could see some impact in Q4 numbers, they could be a little lower than Q3 numbers. We are not going to revise the projections because we are at 6.6 percent [GDP growth] for the full year and I think the fourth quarter number possibly could reflect some amount of the impact of demonetisation," Soumya Kanti Ghosh said.