Volume : 2, Issue : 6, JUN 2016

IN RETAIL INFLATION OVERSTATED: GDP DEFLATOR CONSUMER PRICE INDEX - (2015-16)

Dr. Kumudani Mangal

Abstract

“Indian GDP is low, because deflator is underestimated, while the real indicator of inflation in the economy the consumer price- Index (CPI), is rising at around & percent. The main contention is that the GDP deflator is flawed because of it's he any reliance on the whole sale price – Index (WPI). This questioning of the GDP deflator was started by the RBI in their September 2015 monetary policy report on India, the IMF regurgitates the RBI conclusion.”

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References

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2. The Indian Express
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