CSO proposes to replace GDP base year

The Central Statistics Office (CSO) proposes to replace the gross domestic product (GDP) series of 2011-12 base year with a new set of National Accounts using 2017-18 as the base-year. According to the chief statistician, this will be done as soon ..

Why the Economic Slowdown is taking place?

The release of the first-quarter data for the financial year 2020 came as a rude surprise to economists and policy planners in the country. Due to a fall in private consumption growth and investment rate, GDP growth has fallen to ..

Debate over India’s GDP Numbers

The Central Statistics Office (CSO) introduced a new series of National Account Statistics in 2015. The important changes made in the new series included the change in base year from 2004-05 to 2011-12, employed a new methodology to estimate India’s ..

United States designates China as currency manipulator

The United States has designated China a “currency manipulator”, following the devaluation of the Yuan. The move could escalate the tense trade relations between the two nations. The US action came after China allowed its yuan to weaken past the ..

United Nations Conference on Trade and Development (UNCTAD) has expected India’s economy to grow 7.0% in calendar year 2018 compared with 6.2% in 2017

United Nations Conference on Trade and Development projects India’s economy to grow 7.0% in calendar year 2018 As per the report “Trade and Development”, the effects of demonetization are still evident in private consumption trends within the economy. It also ..

Ravindra H Dholakia committee constituted by Union Government to upgrade norms for state & district level economic data collection

The Union government has constituted a committee a 13-member committee to upgrade the norms for computation of economic data at states and districts level in the backdrop of plans to revise the base year for National Accounts or GDP calculation. ..