Govt low­ers 2014-15 GDP growth es­ti­mate to 7.2%

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - HT Correspondent let­ters@hin­dus­tan­times.com

NEW DELHI: The govern­ment on Fri­day low­ered In­dia’s eco­nomic growth for 2014-15 to 7.2% from the ear­lier es­ti­mate of 7.3% based on lat­est farm and fac­tory out­put data.

The Cen­tral Sta­tis­tics Of­fice (CSO) also low­ered growth for 2013-14 to 6.6% from 6.9% ear­lier.

“The real (in­fla­tion-ad­justed) GDP or GDP at con­stant (2011-12) prices for the years 2014-15 and 2013-14 stand at R105.52 lakh crore and R98.39 lakh crore, re­spec­tively, show­ing growth of 7.2% in 2014-15 and 6.6% in 2013-14,” the CSO said in a state­ment.

The down­ward re­vi­sion in growth es­ti­mates, al­beit marginal, came a day af­ter Re­serve Bank gov­er­nor Raghu­ram Ra­jan raised ques­tions over the new method­ol­ogy to cal­cu­late In­dia’s na­tional in­come.

CON­TIN­UED ON P12

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