macroeconomic indicators

Angus Deaton’s contribution to Indian policy making

November 28, 2015

The main focus of the Deaton’s study is on measurement issues. In the 1980’s, the research in the economic development was mostly based theoretical and wherever it was empirical, it was based on the aggregate data from nation accounts. And the studies were based on several assumptions...

Understanding the New GDP numbers

February 25, 2015

Merely restructuring the GDP estimation would not bring the growth rate matching the ground reality. Comment in light of the recent revision of the GDP estimates with the changing base year.