The Government States that as GDP Growth is Turning, it is Likely that the Advance Estimates of 5 Percent will be Revised and the Final Estimate will be Closer to the Government’s Estimate of a Growth Rate of 5.5 Percent or Slightly More https://www.taxtmi.com/news?id=4668 The Government indicates the CSO's 5 percent advance GDP estimate for 2012-13 is likely to be revised upward toward the Government's 5.5 percent projection because advance estimates use data up to November/December and can misread turning points. It identifies supporting indicators: rising manufacturing PMI and stabilising IIP since October 2012, year on year increases in Union Excise Duty and service tax receipts (April-December 2012), moderation in headline and core inflation in December 2012, and a recent policy rate reduction. en-us Fri, 08 Feb 2013 18:29:30 +0530 Fri, 08 Feb 2013 18:29:30 +0530 TaxTMI RSS Generator The Government States that as GDP Growth is Turning, it is Likely that the Advance Estimates of 5 Percent will be Revised and the Final Estimate will be Closer to the Government’s Estimate of a Growth Rate of 5.5 Percent or Slightly More https://www.taxtmi.com/news?id=4668 The Government indicates the CSO's 5 percent advance GDP estimate for 2012-13 is likely to be revised upward toward the Government's 5.5 percent projection because advance estimates use data up to November/December and can misread turning points. It identifies supporting indicators: rising manufacturing PMI and stabilising IIP since October 2012, year on year increases in Union Excise Duty and service tax receipts (April-December 2012), moderation in headline and core inflation in December 2012, and a recent policy rate reduction. News - Fri, 08 Feb 2013 18:29:30 +0530 https://www.taxtmi.com/news?id=4668