India Plans Fewer GDP Estimates to Avoid Confusing Markets
- Number of annual GDP releases may be cut to four from six
- Last GDP revision currently comes after a wait of three years
India’s GDP data has been at the center of debate since 2015.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
India is weighing a proposal to cut official annual gross domestic product estimates to four releases from six to avoid multiple revisions that market watchers in the past have described as confusing, according to people familiar with the matter.
The Statistics Ministry would start this from next year, the people said, asking not to be identified before a final decision is made. The proposal is being discussed between the ministries of statistics and finance as well as top officials from Prime Minister Narendra Modi’s government as part of a drive to boost the quality of economic data, they added.