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

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

Indivjal Dhasmana New Delhi

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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

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First Published: May 29 2023 | 1:29 PM IST

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