Revised GDP Fig for FY 12 at 4.5% -- Good News for the FM

Discussion in 'Economy & Infrastructure' started by sob, Feb 1, 2014.

  1. sob

    sob Moderator Moderator

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    CSO has come out with revised figures for the FY 12 and has reduced the GDP growth rate of 5% to 4.5%.

    The fact that there is a such a huge time lag between the projected figures and the actual figures gives ample room for jugglery at the Finance Ministry.

    It is no surprise that there has been no comment from the Govt on these revised figures.

    Worse than you thought: Revised growth figures for ’12-’13 under 5% | The Indian Express

     
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  3. sob

    sob Moderator Moderator

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    However there is a silver lining for the FM.

    With the figures for FY 12 going down there is a possibility that the FM will be able to project higher GDP figures for FY 13 based on the lower base.

    Remember the GDP growth figures are based on the previous years figures.

    Firstpost has a very interesting take on this new revised figures and their implications.

    Why CSO's lower GDP estimate for 2012-13 will now help Chidu | Firstpost

     

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