macroeconomic indicators Current Affairs, GK & News

Angus Deaton’s contribution to Indian policy making

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 about individual consumption behaviour. Deaton questioned the notion ..


Understanding the New GDP numbers

The central statistical organization (CSO) revelation, revising the GDP estimates with the new base year raises many questions because of mis-matching ground realities. The GDP growth figures for the past few years were estimated on 2004-05 as base year at constant price. The change in the base year from 2004-05 to 2011-12 changed the whole ..