LOL at the headline fudgers. Not a single direct quote in the entire OP and then they say don't call us presstitutes. ![Lol :lol: :lol:](/styles/default/xenforo/smilies/lol.gif)
![Lol :lol: :lol:](/styles/default/xenforo/smilies/lol.gif)
Here is the original interview and direct quotes from the man himself.
Discrepancies are inherent part of expenditure side of GDP as of now: T C A Anant
As economic growth came in at 7.9 per cent in the fourth quarter of 2015-16, many argue that much of it could be attributed to discrepancies. Chief Statistician of India T C A Anant dispels these notions. He tells
Dilasha Seth and
Indivjal Dhasmana that the principal method of calculating the gross domestic product (GDP) is by taking into account the production-side estimates and not an expenditure one.
Many experts have criticised the latest GDP figures, saying much of the nearly eight per cent growth in the fourth quarter could be attributed to discrepancies.
The principal estimate, which has the most data and is the most robust, are from the production-side estimates, not expenditure-side ones. Discrepancies arose on the expenditure side. It is useful for those who comment on growth to have knowledge about time series. It won't be difficult for people to look at past quarterly estimates, both in the new and old series, to see there were many instances - both at the time of provisional and revised estimates - when such high or even higher discrepancies occurred. In an ideal world, production-side and expenditure side, GDP would be a completely independent calculation, with independent detailed data sets.
http://www.business-standard.com/ar...gdp-as-of-now-t-c-a-anant-116060200026_1.html
Chief Statistician Says Economic Data Imperfect, But Defends GDP Figures
"The fact is, imperfect information is still useful as long as I know what the sources of the imperfection are," T.C.A. Anant, chief statistician of India, told reporters in New Delhi.
Mr Anant said the new series is more accurate because it brings in much more information, in particular from the corporate sector, including data from 500,000 companies compared with 2,500 firms earlier.
http://profit.ndtv.com/news/economy...ds-gdp-figure-but-says-data-imperfect-1414418
Now ladies and gentlemen, we will see a PAAPIYA running with tails between his legs and his cheerleader from the other side of the border feigning innocence.
@mehboobkz
Hardly but you wouldn't know, now would you? Don't tag me for such non sense.
Jeez, some people are just not bright.