Advertisement
Saturday, Oct 23, 2021
Outlook.com

The Numbers, Juggled

The CSO’s new GDP data is more sleight of hand than the reality

The Numbers, Juggled
Illustration by Saahil
The Numbers, Juggled
outlookindia.com
-0001-11-30T00:00:00+05:53

On June 8, 1891, an irate reader wrote to the editor of British newspaper, The National Observer, “Sir, it has been wittily remarked that there are three kinds of falsehood: the first is a ‘fib’, the second is a downright lie, and the third and most aggravated is statistics.” Fifteen years later, Mark Twain repeated this in his Chapters from my Autobiography, observing, “Figures often beguile me, particularly when I have the arranging of them myself.” In the past decade, figures have more than beguiled India’s economic policymakers—they have confused and misled them into enacting policies that have had a devastating effect upon the economy, and on people’s lives. Last week’s quota of fresh statistics helps us to understand why. On February 8, the Central Statistical Office sent a wave of euphoria through the country’s economic establishment by announcing that the GDP would grow by 7.4 per cent in 2014-15, and not the 5.4-5.9 per cent it had predicted till then. This would make India the fastest...

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

 India 'Steadfast Partner' In Global Fight Against Covid-19: PM Modi

India 'Steadfast Partner' In Global Fight Against Covid-19: PM Modi

As wishes pour in from various countries, Prime Minister Narendra Modi thanks world leaders for hailing India's feat of crossing 100 crore Covid vaccine doses.

Pfizer Covid-19 Vaccine Effective For Kids: FDA

Pfizer Covid-19 Vaccine Effective For Kids: FDA

As per FDA scientists, Pfizer vaccine's benefit for preventing hospitalisations and death from Covid-19 would outweigh any serious potential side effects in children.

ENG v WI, T20 WC 2021: Black Lives Matter, Teams To Take The Knee

ENG v WI, T20 WC 2021: Black Lives Matter, Teams To Take The Knee

According to England skipper Eoin Morgan, the players feel strongly for the cause and support, and also want to be a part of making a change.

How Himachal Pradesh Is Waging War On Drugs Against Cartels In The Hills

How Himachal Pradesh Is Waging War On Drugs Against Cartels In The Hills

The Narcotics Control Bureau (NCB) informed the Himachal Pradesh police earlier this year that some of the biggest drug hauls were traced back to the hill state.

Advertisement