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Baatasari Side Hero Username: Baatasari Post Number: 4207 Registered: 10-2018 Posted From: 171.159.64.10 Rating: N/A |
most of the nations tweak the GDP definition to suit themselves.. nothing new.. and not just GDP, most of the stats coming out are all match-fixed.. with new research, they get discussed and tweaked further.. brahma satyam jagan-mithyä jivo brahmaiva näparah | ||
4evertdp Junior Artist Username: 4evertdp Post Number: 170 Registered: 05-2019 Posted From: 161.11.160.176 Rating: N/A |
china vallu chestharuu. ethics vadilesina modi govt kuda manalni china tho equal chesthuanruuu. Thank you EVM. | ||
Tilak Legend Username: Tilak Post Number: 44716 Registered: 02-2012 Posted From: 111.223.72.82 Rating: N/A |
https://twitter.com/dravirmani/status/1138323655044227074 Must read!!! India First. | ||
Tilak Legend Username: Tilak Post Number: 44715 Registered: 02-2012 Posted From: 111.223.72.82 Rating: N/A |
Why could this omission be important? Because, the total tax to GDP ratio (“ratio” hereafter) would be unusually higher if the GDP since FY12 was to be reduced by 2.5 per cent every year (cumulatively). If we focus only on the central kitty to begin with, the ratio would be more than 13 per cent in FY17 based on the Harvard paper but based on official estimates it was a bit more than 11 per cent. The official number is closer to the extrapolated trend from FY02 to FY11: This is important as over time one does expect a secular though gradual increase in the ratio as an emerging economy grows and formalises. Yet, if the economy grew at half the rate of earlier years — one should ceteris paribus — expect a significant fall in the ratio as tax buoyancy is sensitive to growth. But based on the Subramanian GDP estimates, our tax to GDP ratio has even crossed the records of the FY08 boom. Remember, taxes are real cash and no one I know is saying even tax figures have been fudged for around a decade. https://indianexpress.com/article/opinion/columns/passing-th e-tax-smell-test-arvind-subramanian-gdp-data-5777748/ India First. | ||
Tilak Legend Username: Tilak Post Number: 44714 Registered: 02-2012 Posted From: 111.223.72.82 Rating: N/A |
Why 2011-12? Let’s quote Arvind Subramanian on this first. “In India, methodological changes were introduced as part of the periodic base revisions to estimating the National Income Accounts (NIA) by using the Ministry of Corporate Affairs’ (MCA) financial accounts for hundreds of thousands of companies. This effort was desirable in principle, both to expand the data that went into the NIA estimates and to move from predominantly volume-based estimates of gross value added (GVA) to value-based estimates that potentially better capture the quality and technology changes of a modern, dynamic economy….The change in GDP estimation methodology was initiated by—and most of the technical work done under—the UPA-2 government, as part of the changes that routinely occur with base revisions to GDP estimates. They were completed by the statisticians and technocrats in late 2014, a few months after the NDA-2 government came into power.”
Base changes are routine and have been done in 1967, 1978, 1988, 1999, 2006, 2010 and January 2015. What happened in January 2015 was more than a base year change from 2004-05 to 2011-12. There was a switch from GDP at factor cost to GVA, with GDP at market prices now derived from GVA. In June 2015, there was a long methodological note by Ministry of Statistics and Programme Implementation (MOSPI) explaining what had been done and why. I don’t think anyone has complained about change in the base year. I don’t think anyone has complained about implementing recommendations of the 2008 system of national accounts (SNA) either, which brings India, to the extent possible, in conformity with international practice. https://www.financialexpress.com/opinion/indias-gdp-mis-esti mation-a-few-dead-horses/1606990/ India First. | ||
Platypus Hero Username: Platypus Post Number: 10496 Registered: 01-2008 Posted From: 124.123.159.127 Rating: |
https://www.bbc.com/telugu/india-48620724 Good to have this conversation. Whether the government is calculating it correctly or not, this discussion will make it clear how all these numbers are actually arrived at. This world appearance is a confusion: even as the blueness of the sky is an optical illusion. I think it is better not to let the mind dwell on it, but to ignore it. |
