This article evaluates the annual gross domestic product (GDP) growth projections of the Reserve Bank of India (RBI) against final official estimates of GDP, which are normally released with a lag of about three years. During 1998-99 to 2016-17, on an average, growth projections underestimated...

In this paper, the impact of global financial crisis on India’s Gross Domestic Product (GDP) is investigated upon in an aggregate demand framework using quarterly data for the period from Q2 of 1996 to Q1 of 2010. GDP, consumption expenditure, capital formation and export were found to be...

For a developing country like India where socio-economic problems such as poverty,unemployment and inequality influence policy decisions, it becomes important to study interlinkages among the constituent sectors so that positive growth impulses emerging among the sectors could be identified and...

This paper flags the basis weaknesses of the 1993-94 series of index of industrial production (IIP) data and calls for both base year revisions as also an overhaul of its contents so that it correctly captures the structural changes that have occurred in the economy. While highlighting some of...

This article highlights that the eastern region of India continues to lag behind other regions in harnessing the potential of bank credit as an instrument to promote growth and development, notwithstanding concerted policy efforts to further financial inclusion in the region. While enhancing...

For a developing country like India where socio-economic problems such as poverty,unemployment and inequality influence policy decisions, it becomes important to study interlinkages among the constituent sectors so that positive growth impulses emerging among the sectors could be identified and...

In this paper, the impact of global financial crisis on India’s Gross Domestic Product (GDP) is investigated upon in an aggregate demand framework using quarterly data for the period from Q2 of 1996 to Q1 of 2010. GDP, consumption expenditure, capital formation and export were found to be...

This paper flags the basis weaknesses of the 1993-94 series of index of industrial production (IIP) data and calls for both base year revisions as also an overhaul of its contents so that it correctly captures the structural changes that have occurred in the economy. While highlighting some of...