.@madan_sabnavis @CARE_Ratings #India #Economy Gr8 article in @businessline: shortcomings in #GDP as index of economic activity overall & details: many proxies/imputations - amended, with differing lags, resulting in multiple revisions to initial estimates https://t.co/bsxtmIE7r4— Satyen Baindur (@Satyen_Baindur) May 29, 2018
...in #Agriculture, e.g. - there are no stats on #Livestock, while in #Manufacturing – informal sector production (~30%) is imputed via the Index of Industrial Production (IIP) while organized sector production is taken from corporate data, & ~ly for #Hospitality & #RealEstate!— Satyen Baindur (@Satyen_Baindur) May 29, 2018
And in the #Government sector, where one might expect near exact data, budgeted spending levels r a weak proxy because, e.g.,#FiscalDeficit reduction via mid-year #CapEx↓ r not captured…We use #GDP as an index of economic activity today only because nothing better is available.— Satyen Baindur (@Satyen_Baindur) May 29, 2018
