Pattabhi Ram

Post excerpt

The Government of India has changed its GDP calculation methodology, including the base year, and has presented the growth rate under the revised methodology. It would have been far more transparent if the government had also disclosed what the growth rate would have been under the earlier methodology. That would have made comparison straightforward and, importantly, would have killed the noisy TV debates. Ask any accountant, and they will confirm that when an accounting policy, measurement basis, or methodology c…

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