In case of factory output, the NSO regularly sensitizes source agencies to engage with production units regarding timely submission of data. If the initial response rate by the production units is good, the magnitude of subsequent revisions reduces significantly.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com gives his views on the market's performance. The Nifty today ended trade at 5938 down 20 points.
Chief Statistician TCA Anant said had the GDP estimates been calculated on the 7.4% (before it was revised to 8% resulting in higher base) one would find out that the growth rate would have been over 9% for 2010-11.