India's Chief Statistician has admitted India’s GDP figures might have 'some discrepancies'

India’s Chief Statistician TCA Anant today admitted to ‘some discrepancies’ in the GDP data, which soared to Rs 2.14 lakh crores in 2015-16 or up to 1.9%. He said the government is making efforts to minimize them.

Some discrepancies in national accounts will always be there because of delay in reporting of information by various agencies including state governments but the effort is to report data as accurately as possible, he said.

Discrepancies in the statistical GDP data refer to the difference in national income under production method and expenditure method.

While Anant did not give any numbers, the recently released GDP figures showed that the discrepancies in 2015-16 stood at as high Rs 2.15 lakh crore, as against (-)Rs 35,284 crores in the previous fiscal.

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