CEA: Need to change mindset that our data estimates is inferior

ALLESTIMATE METHODOLOGIES have some limitations, but the mindset that India’s methods for estimating GDP are inferior needs to change, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday.

- PRESS TRUST OF INDIA

Against the backdrop of persisting concerns in certain quarters about the country’s economic growth figures, Nageswaran highlighted that concerns are raised only when GDP numbers surprise on the upside, while there are no questions about the methodology when the data disappoints.