Tracking India Growth in Real Time
Publication dateJan, 2010
DetailsReport submitted to the Ministry of Finance, Government of India
AuthorsAjay Shah, Ila Patnaik, Rudrani Bhattacharya, Radhika Pandey, Giovanni Veronese
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.