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Kumar, Vinod
- India’s New GDP Series-Implication for the Estimation of GSDP at State Level
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1 Department of Economics and Statistics, Government of Himachal Pradesh, Block No. 38-SDA Complex, Kasumpti, Shimla-171009, IN
2 Department of Economics and Statistics, Government of Himachal Pradesh, Block No. 38-SDA Complex Kasumpti, Shimla-171009, IN
1 Department of Economics and Statistics, Government of Himachal Pradesh, Block No. 38-SDA Complex, Kasumpti, Shimla-171009, IN
2 Department of Economics and Statistics, Government of Himachal Pradesh, Block No. 38-SDA Complex Kasumpti, Shimla-171009, IN
Source
Journal of Indian School of Political Economy, Vol 30, No 3-4 (2018), Pagination: 573-578Abstract
This paper presents the Comparative growth rates for the year 2012-13 to 2014-15 on old and new base year. The paper finds that changing the base year contributes to the increment in growth rates substantially - to about one percent. This is due to the changes in the prices and deflator in the economy. Besides, the paper also investigates the prevailing data gaps in calculating the growth rate. In view of potential of tourism development in the state the availability of data particularly in this sector remains the major issue and to address this, satellite accounts are proposed.Keywords
Economic Growth, Data Gaps, Base Year, Inflation.References
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- Shaw, Abhishek, 2013; "Comparing NSSO’s Employment Survey -Amethodological Note", Economic and Political Weekly, Vol. 48, No. 30, July 27.
- United Nations, 2008; A System of National Accounts, 2008.