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The Statistics Ministry will
organise a two-day national workshop on Support for
Statistical Strengthening (SSS) scheme here next week.
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Speaking to CNBC-TV18, TCA Anant, Chief Statistician of India said: "One should keep in mind that anecdotal evidence is not the same as the estimates derived over indicators which are aggregated over a large number of sources."
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Concerns have been raised following the announcement of advance gross domestic product (GDP) estimates at 7.1 percent for the first seven months as against 7.6 percent in the last fiscal. Chief Statistician TCA Anant says that higher growth would have been estimated if bank deposits after the roll-out of demonetisation would have been included.
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"IIP is due for revision, it is under process at a very advanced stage. WPI is also up for revision. Similar to IIP, it is also at the very advanced stage. Both of these will be revised, as per my expectations shortly within the current year," Chief Statistician TCA Anant told in an interview to PTI.
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Even as the country's first quarter gross domestic product (GDP) was seen slowing from 7.5 percent to 7 percent, the number had a few economists befuddled.
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CSO has come out with a new series of national accounts with 2011-12 as the base year for computing the gross domestic product. On the back of those changes, it announced that FY14 GDP growth has been revised to 6.9 percent. TCA Anant, Chief Statistician of India says the fiscal deficit target should be based on GDP.
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CNBC-TV18‘s Latha Venkatesh spoke about the quality of India's macro-economic data with TCA Anant, Chief Statistician and Pranob Sen, Chairman, National Statistical Commission.
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The 26-member advisory group on Data Revolution for Sustainable Development is also expected to assess new opportunities linked to innovation, technical progress and the surge of new public and private data providers to support conventional statistical systems and strengthen accountability at the global, regional and national level.
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Last week, a committee formed by Reserve Bank of India (RBI) Governor Raghuram Rajan proposed making CPI the central bank's main inflation measure and using it to set an inflation target, part of sweeping proposals to revamp monetary policy in a country that has long struggled with high inflation.
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Jobs are growing, suggests the government's latest employment survey. But these may largely be poor quality jobs. Not something for the UPA to tom-tom after nine years
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The government will inject Rs 15,500 crore in state-run banks in the fiscal year 2012-13, Finance Minister Pranab Mukherjee said on Friday.
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Chief Statistician TCA Anant tells CNBC-TV18 industrial output data seems to have lost momentum ever since December.
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The Index of Industrial Production (IIP) growth for the month of July, 2011 saw a sharp decline at 3.3% compared to previous month. TCA Anant, chief statistician of India and Shubhada Rao, chief economist at YES Bank discuss what this fall means for the economy going forward and the ramifications on the RBI's policy stance.
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Commenting on the new index, the country's chief statistician TCA Anant said the new series reflects the industrial situation much better. 42 items including type writers, tape recorders, and cotton cloth have been dropped from the new index, reports CNBC-TV18.
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The food inflation shot up to the highest level in four weeks. At 8.55% for the week that ended May 14, the prices of fruits, cereals and protein-based items escalated. However, Chief Statistician TCA Anant has a positive outlook on inflation and says that “inflation will ease if we see a good monsoon season.”
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On Friday, Finance Minister Pranab Mukherjee tabled the economic survey for the fiscal year 2011 in parliament. In an interview with CNBC-TV18, Chanda Kochhar, MD & CEO, ICICI Bank said the growth projections were reasonably achievable.
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CNBC TV18's Rituparna Bhuyan in an interview with the chief statistician of India, TCA Anant, asked him about the risks to the 8.6% growth estimate.
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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.
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India's GDP growth in the first half of the current fiscal year to end-March is expected to be revised downwards from 8.9% provisional estimate, Chief Statistician of India TCA Anant said on Monday.
