The Centre on Wednesday said the GDP growth rates estimated for the period 2005-06 to 2013-14 by the NSC-appointed Committee on Real Sector Statistics are not comparable with those put out by the Central Statistics Office (CSO) for the 2014-15 to 2017-18 period.
Different methods
“The methodology adopted by the Committee on Real Sector Statistics is different from that used by the CSO in its releases and thus the growth rates are not comparable,” DV Sadananda Gowda, Union Statistics Minister, said in a written reply to a Lok Sabha question.
The Committee on Real Sector Statistics had undertaken an exercise as per which the average growth rate was estimated using the production shift approach under certain assumptions. The average growth rates in GDP for the years 2005-06 to 2013-14 using the production shift approach came in at 8 per cent. On the other hand, the average GDP growth as per CSO’s estimates for the period 2014-15 to 2017-18 stood at 7.3 per cent.