
Niti Aayog Vice Chairman Discusses Double Deflation in GDP Methodology
Niti Aayog Vice Chairman Ashok Kumar Lahiri stated that the debate over double deflation in India's GDP methodology is not a significant issue. He emphasized that the methodology is feasible and can be improved.
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What Happened?
Niti Aayog Vice Chairman Ashok Kumar Lahiri stated that the debate over double deflation in India's GDP methodology is not a significant issue. He emphasized that the methodology is feasible and can be improved.
Why it matters
The discussion on GDP methodology could influence economic policy and investment decisions in India.
Key points
- Ashok Kumar Lahiri stated there is no winner in the debate over double deflation in GDP.
- He argued that double deflation is not impractical and can be improved.
- Concerns about the methodology have arisen now, despite lower GDP growth rates.
- Double deflation removes price effects from both producers and consumers.
- The Ministry of Statistics introduced double deflation in the new GDP series.
Key insights
- Lahiri's comments suggest a need for clarity in economic methodologies.
- The scrutiny of GDP methodology may impact public confidence in economic data.
- Improving data collection could enhance the reliability of GDP calculations.
AI Quick Summary
Niti Aayog's Ashok Kumar Lahiri discusses the feasibility of double deflation in GDP methodology amid ongoing debates.
Source
The Hindu


