Let’s get our data right first

In a lighter manner, it is said that published data is as whimsical as forecasts made by a plethora of experts and organisations, including several government arms. The recent revisions of GDP and exports data cast a shadow on the robustness of our data. The downward revision of GDP growth by 0.1% points implies around R5,000 crore in real terms. In fact, even the balance of payments data, which is normally not susceptible to change as it is based on actual dollar inflows, has shown inconsistencies, leading to wider debate on what should be done about it.

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