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    • Why govt is wary of focusing too much on new GDP nos

      Why govt is wary of focusing too much on new GDP nos

      The new methodology that the Central Statistics Organisation has put out to calculate the country‘s gross domestic product (GDP), in which growth is being as distinctly higher than was previous calculated, has led to doubts even within the Finance Ministry over how much they can be relied upon.

    • New method: GDP grew 7.5% in Q3; full year seen at 7.4%

      New method: GDP grew 7.5% in Q3; full year seen at 7.4%

      After moving to a new method of calculating the country‘s gross domestic product (GDP), the government today said it expects economic output to grow at 7.4 percent this fiscal year (2014-15), compared to 6.9 percent in the previous year.

    • GDP forecast based on market price, not factor cost: IMF

      GDP forecast based on market price, not factor cost: IMF

      To be comparable across countries, the IMF world economic outlook projections are done at market prices, which differs somewhat from the factor cost definition used by the government and most analysts.

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