3 min read.Updated: 20 Aug 2018, 07:26 AM ISTLivemint
Sustained non-inflationary growth around the 7.5% level will help create conditions for an up move
One big problem with the shift to the new gross domestic product (GDP) series in 2015 was that the government did not provide a link to the old series. This made comparisons difficult and created controversies around GDP data. Even though the government has not officially published historical data with the new base, the committee on real sector statistics, constituted by the National Statistical Commission, has generated numbers with the base of 2011-12, going back till 1993-94. This is a welcome development as it will help analysts and policymakers make more informed decisions until the official data is published.