Monday, 9 February 2015

Govt to issue GDP estimate for Dec quarter today

The new base year for GDP would be 2011-12 against the earlier 2004-05 












The government will issue the gross domestic product (GDP) data for the financial year's third quarter (Q3, October-December) on Monday.

The ministry of statistics and programme implementation will also issue the revised figures for the first and second quarter of 2014-15. The ministry will also released the advance estimates for the full year's growth, while the Budget for the next year will be tabled on February 28

Advance estimates are always a mixture of actual numbers and projections. These rely on actual numbers for the first half of a year, actual numbers of industrial production till November and projetions for the rest of the year.

This time, the numbers for the first two quarters would be on a new definition of GDP and the new base year of 2011-12 against the earlier 2004-05. 

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