5 min read.Updated: 04 Dec 2018, 12:03 AM ISTHimanshu
India's statistical system suffered credibility shocks when the GDP series was released
Last week, the NITI Aayog released the back series of gross domestic product (GDP) data on base 2011-12 for the years 2004-05 to 2011-12. The series was eagerly awaited by researchers as well as policymakers ever since the base was revised in January 2015. This release follows an unofficial release of the report of the committee on real sector statistics constituted by the National Statistical Commission (NSC). The NSC is the statutory body authorized to approve these changes and the committee’s report of July 2018 had presented one of these suggested back series.