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The
report
of
an
expert
committee
set
up
by
the
National
Statistical
Commission
(NSC),
which
has
worked
out
a
back
series
for
economic
growth
from
1994-95
using
the
new
methodology
and
base
year
adopted
in
2015,
has
had
an
unintended
consequence.
It
has
silenced
all
critics
of
the
new
methodology.
How?
The
report
of
the
Committee
on
Real
Sector
Statistics
headed
by
Sudipto
Mundle
shows
that
growth
during
the
United
Progressive
Alliance
(UPA)
years
was
not
as
bad
as
it
was
being
made
to
be.
In
fact,
from
2004-05
onwards,
growth
calculated
by
the
new
methodology
was
higher
than
that
calculated
by
the
old
methodology.
To
recap,
in
2015
the
base
year
for
calculating
GDP
was
changed
from
financial
year
2004-05
to
financial
year
2011-12
and
the
earlier
system
of
measuring
GDP
at
factor
cost
was
discarded
in
favour
of
measuring
it
by
gross
value
added
(GVA)
at
basic
prices.
What
is
particularly
stark
is
the
fact
that
growth
in
2006-07
actually
touched
10
percent
(10.08
percent
to
be
exact)
against
9.57
percent
when
calculated
under
the
old
methodology.
The
Congress
has
been
quick
to
brandish
these
numbers
as
proof
of
how
the
economy
boomed
during
the
UPA
tenure
and
how
the
first
four
years
of
the
Narendra
Modi
government
are
anaemic
in
comparison.
Recall
that
till
now
the
party
and
its
cheerleaders
had
lost
no
opportunity
to
question
the
new
methodology,
even
though
it
bumped
up
growth
in
the
last
two
years
of
the
UPA
from
sub-five
percent
under
the
old
series
to
5.5
percent
in
fiscal
2012-13
and
6.4
percent
in
fiscal
2013-14).
The
party
has
also
maintained
that
if
growth
under
the
Modi
government
were
to
be
estimated
on
the
basis
of
the
old
methodology,
it
would
be
much
lower.
Is
it
now
ready
to
concede
the
7.3
percent
average
of
the
last
four
years?
No
doubt,
the
demand
will
now
be
raised
that
the
approach
used
by
the
Mundle
committee
be
adopted
to
work
out
the
back
series.
But
this
may
not
be
as
pat
an
exercise
as
it
appears.
Back
series
calculations
are
always
done
to
link
a
new
series
of
national
accounts
with
an
old
series.
This
gives
a
better
comparison
of
growth
over
the
years.
Doing
this
has
been
complicated
this
time
around
because
of
the
change
in
methodology
(which
now
conforms
to
the
best
global
practices)
–
some
of
the
data
used
under
the
new
methodology
is
not
available
for
earlier
years.
The
MCA-21
data,
for
example,
is
not
available
beyond
2007-08.
The
Mundle
committee
has
listed
three
approaches
to
generating
the
back
series:
use
the
current
methodology
using
base
data
wherever
available;
a
production
shift
approach;
project
the
old
series
using