Chief Financial Advisor V Anantha Nageswaran on GDP quantity revisions

n a dialog with businessline’s Editor Raghuvir Srinivasan, Chief Financial Advisor V Anantha Nageswaran mentioned, “What is occurring in India just isn’t uncommon in any respect in comparison with some other nation. And particularly because you talked about the third quarter information, it’s the case that, initially, Indian GDP information aren’t quarterly, seasonally adjusted, quarterly information.So, subsequently, within the third quarter of this 12 months, if you examine it to 3rd quarters of final 12 months, GVA and GDP, you simply have so as to add, oblique taxes minus subsidies. Proper. So and subsidies did have an enormous, contraction in comparison with final 12 months within the third quarter. It’s simply the third quarter. So I wish to say that the third quarter, a lot of eight plus % GDP development appears, on the excessive facet, one has to recognise the truth that, the primary two quarters additionally, the expansion was fairly good. 



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