India’s GDP measurements

This post summarises some presentations and papers on India’s GDP measurements.

India’s GDP mis-estimation: Likelihood, magnitudes, mechanisms, and implications

This June 2019 paper by Arvind Subramaniam shows that the change in the way GDP is measured in 2012 has led to a significant overestimation of growth. The paper compiles evidence based on disaggregated data from India and cross-sectional/panel regressions, blaming part of the over-estimation of growth to a key methodological change, which affected the measurement of the formal manufacturing sector.



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