'C grade' for GDP figures — AMF assessment and controversies

India's GDP estimate revised? Some have come forward with different interpretations. A group alleges that it has been exaggerated. They point to an observation by the UPA as a supporting argument. The IMF has generally given the Indian GDP estimates a C grade based on independent revisions to the GDP estimate. With this, false propaganda is being spread that everything that has been captured is a lie. Some people sitting in the IMF are getting better. India's representative Karanmana Safiram has become wise. They are creating a problem by taking the 2011-12 financial year as the base year. Today, the AMF publishes Article IV and the annexure giving the Indian GDP estimate a C grade every day before the new GDP figures come out. The AMF is generally grading the quality of the base years by reversing our committee's estimates. These blocks consist of GDP, GVA, and the return on investment. Inflation is in the second block. Government figures are in the third. Trade and balance of trade are in the fourth. Finally, monetary data based on money supply. The information used in the figures is classified as A, B, C, and D according to its accuracy.

In the above, Aadhya Girishfakat has given C, the rest B - . This is because 2011-12 is taken as the base year. They say without saying whether there is growth. After 2012, there has been a surge in India in UPA initiatives, 4G services, digital economy, green energy. The AMF believes that when compared to the correct base, there has been natural growth. Then we also base the inflation indices, such as the wholesale price index. They are campaigning wisely on this too. The figures in GDP should be consistent with the expenditure. Complete consistency is not possible anywhere in the world. However, the AMF is of the view that there is natural heterogeneity in India. The AMF says that in a country like India, where the unorganized sector is very important, how much can be achieved in accurate growth projections without keeping track of expenditure figures. Finally, it is also proposed that India should switch to the method of publishing quarterly growth figures. The AMF also points out that the fluctuations in the growth rate due to weather, festive seasons like Diwali, year-end government orders and packages can actually contribute to the fluctuations. Now, the next step in this. It is very difficult to collect 100% accurate statistics in a vast country like India. A major initiative was taken in this regard after the Modi government came to power. We are stepping into the digital economy with our influence. We are trying to meet the challenge of the unorganized sector with the digital economy. Then, the base year. The base year should be revised. No way. When the base year is revised, each sector should be counted differently. Then India's growth will be even higher. The AMF knows this. On the one hand, blaming the figures and on the other hand, praising India in the list of the fastest growing countries in the world is pure nonsense. How can you assign C grade to the national accounts of a country in which you yourself assign the title fastest growing economy in the world?. Highly schizophrenic presumptions . News story. Modi has already started work to make the base year 2022-23. From WPI to CPI. Consumer Price Index in CPI.