Economy

NITI Aayog seeks more time tofinalise back-series GDP data

Our Bureau New Delhi | Updated on November 12, 2018 Published on November 12, 2018

Rajiv Kumar, Vice-Chairman, NITI Aayog   -  PTI

The NITI Aayog has sought more time to finalise the recalculated back-series Gross Domestic Product (GDP) growth estimates. The NITI Aayog was expected to release its revised estimates of GDP growth from 2004–2005 to 2011-2012 on Monday.

The decision to seek more time and information before finalising the recalculated GDP growth estimate was taken at a roundtable discussion held under Rajiv Kumar, Vice-Chairman, NITI Aayog. A press statement said that representatives from the Ministry of Statistics and Programme Implementation (MoSPI) and several leading experts discussed the methodology for estimating back-series of GDP.

“During the ensuing discussion, experts sought analytical information, which is being worked out. It was, therefore decided to have a follow-up roundtable discussion with experts shortly,” Anna Roy, Adviser (Data Management & Analysis) at NITI Aayog, said.

In January 2015, the Centre decided to rework the methodology adopted for calculating GDP growth. But the government was caught in a tight spot after it was revealed that there were much higher levels of growth than earlier estimated during the previous government’s regime if the revised methodology was used.

Published on November 12, 2018
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