Many, including Reserve Bank of India (RBI) Governor Shaktikanta Das, believe that the country's gross domestic product (GDP) growth has exceeded 7 per cent for 2022-23. The first and second
Advance estimates fail to gauge economy correctly in periods of uncertainty
Advance estimates have varied from actual numbers during 2008 crisis, Eurozone crisis, 'policy paralysis' and Covid lockdown years
 "Economic growth, GDP")
Premium
Since the second advance estimates were introduced, it was only during 2016-17 that these estimates to gauge the GDP growth were on the dot
Listen to This Article
Topics : India economy economy GDP forecast GDP
First Published: May 29 2023 | 1:29 PM IST
Key stories on business-standard.com are available only to BS Premium subscribers.
Register to read more on Business-Standard.com
