Growth Data Send Conflicting Signals

  • The latest GDP data released by the Central Statistics Office (CSO) raise more questions than they answer.
  • While on the face of it, the projection of 7.6 per cent growth at constant prices for the fiscal year ending March 31 sounds both attainable and impressive, a closer look at the other sets of numbers, raises some flags.
  • It is important that it dispels all doubts and enhances the credibility of official statistics at a time when India seeks its rightful place at the high table of the world economic order.