GDP data revision: The statistics ministry has issued detailed notes for growth sceptics to delve into
On the positive side, these revisions build on previous efforts and incorporate newer data available since the 2011 series to move away from blunt proxies and static ratios. On the production side, the expanded use of corporate filings (via MGT 7/7A forms filed with the ministry of corporate affairs), enables a more efficient allocation of value added across activities, rather than assigning multi-activity firms wholesale to a single dominant sector.
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