Articles by Shruti J Pandey

The Central Statistics Office's advance estimates of GDP in 2013-14 place growth in the year at 4.9%. The regular differences every year between the advance and revised estimates of GDP suggest that the former will be modified either upwards or downwards when the final figures come in about two years hence. This is somethingthe CSO needs to look into though there are definite reasons for why the revisions take place, leading to more accurate estimates. The new series of GDP at basic prices is also discussed here.

The fourth advance estimates of agricultural production in 2012-13 see only a small change in output forecasts, but the outlook for 2013-14 is for a substantially higher level of foodgrain production. In the recent past, the area and production of non-foodgrains has risen faster than of foodgrains.