India’s statistical system needs an update: Thankfully, next year’s base-year revision offers a chance to reform it
Manufacturing—an 80-20 measurement split that distorts the narrative: Two core indicators, manufacturing gross value added (GVA) and the Index of Industrial Production (IIP), often seem to diverge. This isn’t a contradiction, but a feature of the system. About 80% of manufacturing GVA comes from the organized corporate sector, estimated from quarterly filings of roughly 1,500 firms that report sales, input costs and operating expenses.
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