IGIDR Conference on GDP Measurement Issues

5th August, 2016
Seanza Conference Hall, Indira Gandhi Institute of Development Research, Mumbai.

There has been considerable discussion lately in policy and academic circles, as well as in the popular media, regarding the best way to measure India's GDP. As GDP is perhaps the most crucial indicator of how the economy is performing, this issue merits careful and dispassionate attention. The objective of the one-day roundtable on GDP measurement issues is to create a forum to discuss the various nuances of GDP measurement, examine the drawbacks of particular methodologies, and explore how these drawbacks can be overcome.


9:00 - 9:30 Registration, Coffee and Tea
9:30 – 9:40 Welcome address and opening remarks
Mahendra Dev, Director, IGIDR
9:40 – 10:00 Sources of GDP growth [presentation]
Rajeswari Sengupta, , Assistant Professor, IGIDR
10:00 - 10:30 On the national statistical system
R.B.Barman, Chairman, National Statistical Commission
10:30 - 11:00 Some issues in estimation of GVA in the manufacturing sector [presentation]
Amey Sapre and Pramod Sinha, Consultants, NIPFP
11:00 - 11:30 New National Accounts Series: An Exposition and Key Issues in the Debate [presentation]
Dennis Rajakumar, Economist, EPW Research Foundation
11:30 - 11:45 Break
11:45 - 12:15 The “Double Deflation” issue [presentation]
Pranjul Bhandari, Chief India Economist, HSBC
12:15 - 12:45 The deflator issue [presentation]
Josh Felman, Senior Economist, IMF
12:45 - 14:00 Lunch
14:00 - 14:30 Difference between GDP and GVA [presentation]
Sajjid Chinoy, India Economist, JP Morgan
14:30 - 14:45 Break
14:45 – 15:45 Panel Discussion: “Is India truly growing at 7-8%?”
Josh Felman, IMF (Moderator)
Mr.Ramanamurthy, CSO
Sumit Shekhar, Ambit Capital
Upasna Bhardwaj, Kotak Bank
Sajjid Chinoy, JP Morgan
15:45 – 16:00 Closing remarks