The statistical benefits of the steep downward revision in FY2019 growth to 6.1 per cent from 6.8 per cent could push up FY2020 GDP growth to 4.7 per cent from 4.6 per cent, says ‘Ecowrap’, State Bank of India’s economic research report. However, the report cautioned that the impact of coronavirus on India could happen with a lag.
“...We were earlier anticipating a downward revision in FY2020 growth rate from 5 per cent to 4.6 per cent, but now the statistical benefits of a downward revision in FY2019 GDP growth could push up FY2020 GDP growth 4.7 per cent. We anticipate upward revisions in Q1 (April-June) and Q2 (July-September) FY2020 GDP,” said the report.
In India, GDP data are revised six times and there are instances wherein quarterly GDP figures have been changed more than four times.
This story is from the February 27, 2020 edition of The Hindu Business Line.
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This story is from the February 27, 2020 edition of The Hindu Business Line.
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