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this is a claim according to the Indian government. Not necessarily true. A related year old article on Quora: https://www.quora.com/Why-is-Indias-GDP-growth-ra

this is a claim according to the Indian government. Not necessarily true. A related year old article on Quora: https://www.quora.com/Why-is-Indias-GDP-growth-rate-of-7-0-for-year-2014-is-a-false-using-the-new-calculation-method https://www.quora.com/Why-is-Indias-GDP-growth-rate-of-7-0-f...

tinkerrr 11y ago
Do you have a good source for this, or should be take every anonymous Quora answer with literally zero references as the authoritative source on a topic as complex as the economy? The comment is obviously flawed since it's trying to equate the GDP to industrial production. In the US, for instance, the annualized industrial production has been -1.8% [1] but the GDP growth has been +3.4% annualized [2]. This is a difference of 4.2 percentage points, similar to India's per the comment. Also, India's export growth is around 1% - not exceptional, but definitely not -10% as stated in the Quora comment [3]. [1] http://www.wolframalpha.com/input/?i=us+industrial+production http://www.wolframalpha.com/input/?i=us+industrial+productio... [2] http://www.wolframalpha.com/input/?i=us+gdp+growth http://www.wolframalpha.com/input/?i=us+gdp+growth [3] http://www.wolframalpha.com/input/?i=india+export+growth http://www.wolframalpha.com/input/?i=india+export+growth
- fauigerzigerk 11y ago
  I agree. It is also worth noting that what goes into GDP in terms of trade is net exports, i.e. exports - imports. Lower commodity prices have given a huge boost to that GDP component as India is a net consumer of commodities. That said, I don't know how accurate India's official figures are. But I doubt that they are less reliable than the Chinese ones.
- it_learnses 11y ago
  http://blogs.reuters.com/breakingviews/2015/06/05/india-gdp-growth-is-one-third-statistical-illusion/ http://blogs.reuters.com/breakingviews/2015/06/05/india-gdp-... http://money.cnn.com/2015/02/09/news/economy/india-gdp-growth-mystery/ http://money.cnn.com/2015/02/09/news/economy/india-gdp-growt...
kang 11y ago
That is because the government changed the formula for GDP calculation. Perhaps its a kind of growth hack.

tinkerrr 11y ago

Do you have a good source for this, or should be take every anonymous Quora answer with literally zero references as the authoritative source on a topic as complex as the economy? The comment is obviously flawed since it's trying to equate the GDP to industrial production. In the US, for instance, the annualized industrial production has been -1.8% [1] but the GDP growth has been +3.4% annualized [2]. This is a difference of 4.2 percentage points, similar to India's per the comment. Also, India's export growth is around 1% - not exceptional, but definitely not -10% as stated in the Quora comment [3]. [1] http://www.wolframalpha.com/input/?i=us+industrial+production http://www.wolframalpha.com/input/?i=us+industrial+productio... [2] http://www.wolframalpha.com/input/?i=us+gdp+growth http://www.wolframalpha.com/input/?i=us+gdp+growth [3] http://www.wolframalpha.com/input/?i=india+export+growth http://www.wolframalpha.com/input/?i=india+export+growth

fauigerzigerk 11y ago
I agree. It is also worth noting that what goes into GDP in terms of trade is net exports, i.e. exports - imports. Lower commodity prices have given a huge boost to that GDP component as India is a net consumer of commodities. That said, I don't know how accurate India's official figures are. But I doubt that they are less reliable than the Chinese ones.
it_learnses 11y ago
http://blogs.reuters.com/breakingviews/2015/06/05/india-gdp-growth-is-one-third-statistical-illusion/ http://blogs.reuters.com/breakingviews/2015/06/05/india-gdp-... http://money.cnn.com/2015/02/09/news/economy/india-gdp-growth-mystery/ http://money.cnn.com/2015/02/09/news/economy/india-gdp-growt...

kang 11y ago

That is because the government changed the formula for GDP calculation. Perhaps its a kind of growth hack.