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Real GDP growth 2.5% lower than official: Ex-CEA Subramanian

to tell," Sudipto Mundle, distinguished fellow at the National Council of Applied Economic Research, told TOI. The new GDP methodology uses corporate data from the ministry of corporate affairs MCA-21 database, which some experts have said is flawed and needs a review. Please click here to read more.

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7 to 4.5%: Ex-CEA cuts GDP estimate between 2011-12 and 2016-17

n down, notes the former CEA. Subramanian’s analysis is based on 17 key economic indicators which tend to be highly correlated with GDP growth. However, it does not include the controversial MCA-21 database which forms an integral part of the CSO’s calculation. Please click here to read more.

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The great Indian GDP debate, explained in five charts -Pramit Bhattacharya

al machinery . The data storm erupted after Mint first reported the findings of the NSSO report on 8 May. The report based on a field survey of services firms showed that 16.4% of companies in the MCA-21 database were either non-traceable or closed, and another 21.4% were ‘out of coverage’ or misclassified. These results meant that two detailed reports based on the first-of-its-kind survey had to be junked A Mint analysis suggests th

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What does the merger of National Sample Survey Office and Central Statistics Office entail? -Prashanth Perumal J

on the reliability of raw data that is used to calculate India’s gross domestic product (GDP). The NSSO stated that it could not either trace or classify 38.7% of the companies included in the MCA-21, a database of private companies that is maintained by the Ministry of Corporate Affairs, whose financial numbers the government currently uses to calculate GDP figures. The NSSO found that data from the Economic Census and the Business Register we

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Of shells, companies and GDP -R Nagaraj

-The Hindu The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office (NSSO) survey for 2016-17 that has just been released. Since such entities could be shell/fake/bogus companies included in the MCA-21

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GDP scare

n the controversy over the Centre deferring the release of NSSO’s labour force survey which showed unemployment numbers in an unflattering light, a new one has broken out on the veracity of the MCA-21 database used in GDP calculations. The economic commentariat and the stock markets went into a tizzy on Wednesday after a report by the Mint newspaper revealed that the NSSO had to shelve two planned surveys on the services sector, after it found b

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NSS report on services sector to be examined by committee: MoSPI

questions over the GDP data. The technical report of the National Sample Survey Office (NSSO) has generated controversy following its observation that as much as 36 per cent units forming part of MCA-21 database, used in computing GDP, could not be either identifiable or traceable in the field. The issue of coverage, quality and timeliness of the MCA database vis-a-vis the Annual Survey of Industries had been discussed in detail in the various

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Data gaps in GDP calculation will be resolved: Govt

-Hindustan Times The NSSO report, findings of which were first published in Mint on Wednesday, found that 36% of the companies in the MCA-21 database maintained by the ministry of corporate affairs (MCA) could not be traced or were wrongly classified. New Delhi: The ministry of statistics and programme implementation (MoSPI) has downplayed the controversy around India’s gross domestic product (GDP) data after a National Sample Survey Off

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'Firms missing from database will not affect GDP calculation' -TCA Sharad Raghavan

-The Hindu Shell companies in MCA-21 submitting balance sheets regularly very much part of measurement, says former chief statistician The deficiencies found in the MCA-21 database of the corporate sector, where more than a third of the sample companies were either untraceable, out of coverage, or closed, will not have a major impact on the calculation of GDP and GVA, according to prominent stat

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Not right to extrapolate no. of shell companies to GDP computation: Pronab Sen -KR Srivats

-The Hindu Business Line Such computation will underestimate GDP, says the former Chief Statistician The National Sample Survey Office’s (NSSO) recent study involving samples from the MCA-21 database has put the whole GDP computation methodology under fire, but on a wrong basis, according to former Chief Statistician of India Pronab Sen. The NSSO study had revealed that there are several more shell companies in the system than what th

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