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Old 09-03-2015, 06:14 PM
ab22 ab22 is offline
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Default Has India FAKED it's GDP Data ?

Is it possible that The Indian Government has cooked up its GDP Data and estimates to make that look better then it actually is ?

Quote:
http://blogs.timesofindia.indiatimes...this-bad-joke/

Former central bank governor Dr Y V Reddy once quipped to me that while the future is always uncertain, in India even the past is uncertain, given how often the government revises economic data. Even by that standard, however, the dramatic upward revision of the GDP growth rate is a bad joke, smashing India’s credibility and making its statistics bureau a laughing stock in global financial circles.

Quote:

Trick or treat? India's strong GDP figures mask economic reality

http://in.reuters.com/article/2015/0...0LE1N320150210

(Reuters) - For business, the government and the Reserve Bank of India, data revisions that have transformed India’s $2.1 trillion economy into one of the world's fastest growing are too good to be true.

"Let's not get carried away – the ground reality is very different," one senior finance ministry official told Reuters after figures on Monday showed that India's economy outgrew China's in the three months to December.

Based on a new calculation method, the statistics department said the Indian economy grew 7.5 percent year-on-year in the last quarter and is on track to expand 7.4 percent in the year through March 31.

Yet far from vindicating Prime Minister Narendra Modi's stewardship of the economy, the revised growth numbers are at odds with evidence on the ground.

Quote:
Why India Needs Better Numbers

http://www.bloombergview.com/article...-economic-data

When India reports new GDP numbers on Monday, there's likely to be cheer in New Delhi -- and not a little head-scratching. Last week, the Ministry of Statistics revised GDP figures for the financial years of 2012-13 and 2013-14 dramatically upward: Instead of growing at a tepid 4.7 percent in the year before Narendra Modi was elected prime minister, India supposedly grew at a roaring 6.9 percent pace.


Is it an easy way to prove that the Acche Din are finally here for sure ?
If the numbers are so good in deed, then we are one of the Best Performing Economies on our planet now.

However if the numbers have been faked, then that would definitely impact the credibility of Indian Government at the International Stage. After all what is the point of good numbers if everyone knows that they are fake.
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Old 10-03-2015, 01:40 PM
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Kaka is back
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Old 13-03-2015, 06:08 PM
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There shouldn't be any doubt that the numbers have been faked. Though there are some justifications, it is not convincing.

bst

Till date inflation and manufacturing data etc. were played with and this time it is GDP.
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Old 15-03-2015, 12:55 PM
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Originally Posted by rajeshn07 View Post
There shouldn't be any doubt that the numbers have been faked. Though there are some justifications, it is not convincing.

bst

Till date inflation and manufacturing data etc. were played with and this time it is GDP.


Its not about 1 or 2.

Its endless in india.
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