An autonomous research institute under the Ministry of Finance

 

Tracking India Growth in Real Time

Publication date

Jan, 2010

Details

Report submitted to the Ministry of Finance, Government of India

Authors

Ajay Shah, Ila Patnaik, Rudrani Bhattacharya, Radhika Pandey, Giovanni Veronese

Abstract

Access to timely and reliable information on the current state of economic activity is essential for effective policy making. Towards this end, early estimates, or nowcasts of GDP (quarterly, released with two-months lag from the end of the quarter) growth in India are obtained by extracting information from high-frequency data to gauge the state of the economy in real time using a multi-sectoral forecast model.

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