Journal of Indian School of Political Economy

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GDP Estimation in India:Some Reflections


Affiliations
1 Ministry of Statistics and Programme Implementation, Government of India, New Delhi, India
     

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GDP estimation represents an important area of collaboration between academia and official statisticians. The recent revision to the Indian System of National Accounts have led to great deal of debate on various aspects of GDP estimation. In this paper, we explore some of these issues distinguishing between misconceptions and genuine areas needing further research or improvements in data. We examine the interplay between theoretical constructs and the structures of practical functioning. Understanding these issues is critical to removing the disconnect between economic theory and the needs of a practical policy.
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  • GDP Estimation in India:Some Reflections

Abstract Views: 348  |  PDF Views: 4

Authors

T. C. A. Anant
Ministry of Statistics and Programme Implementation, Government of India, New Delhi, India

Abstract


GDP estimation represents an important area of collaboration between academia and official statisticians. The recent revision to the Indian System of National Accounts have led to great deal of debate on various aspects of GDP estimation. In this paper, we explore some of these issues distinguishing between misconceptions and genuine areas needing further research or improvements in data. We examine the interplay between theoretical constructs and the structures of practical functioning. Understanding these issues is critical to removing the disconnect between economic theory and the needs of a practical policy.