https://www.taxtmi.com/news?id=21303 Misinterpretation that out of survey units in the MCA database materially overstate GDP is misplaced: 21.4% are out of coverage enterprises engaged in other sectors and thus part of GDP, 0.9% are excluded establishments and 16.4% are closed or non traceable. GDP estimation applies a paid up capital based blow up factor because non reporting firms represent only 12-15% of paid up capital, yielding a modest multiplier of about 1.13-1.17; this adjustment affects GVA levels more than year to year growth rates, and the MCA private corporate database improves overall economic measurement. en-us Fri, 10 May 2019 18:34:12 +0530 Fri, 10 May 2019 18:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21303 Misinterpretation that out of survey units in the MCA database materially overstate GDP is misplaced: 21.4% are out of coverage enterprises engaged in other sectors and thus part of GDP, 0.9% are excluded establishments and 16.4% are closed or non traceable. GDP estimation applies a paid up capital based blow up factor because non reporting firms represent only 12-15% of paid up capital, yielding a modest multiplier of about 1.13-1.17; this adjustment affects GVA levels more than year to year growth rates, and the MCA private corporate database improves overall economic measurement. News - Fri, 10 May 2019 18:34:12 +0530 https://www.taxtmi.com/news?id=21303