Industrial production data revision baffling: FM
Posted on: 11:29 PM IST Apr 13, 2012
New Delhi: Terming the sharp revision in the industrial production data as "totally baffling", Finance Minister Pranab Mukherjee on Friday said he has asked the authorities concerned to look into the issue.
"I can understand if there is error in calculating 0.1 per cent of 0.2 per cent, but from 6.8 per cent to 1.1 per cent, it is totally baffling," Mukherjee told reporters here, commenting on the sharp revision of the IIP growth rate for January from 6.8 per cent to 1.1 per cent.
He further said, "We shall have to ensure that government data, their integrity should not be challenged... I have asked concerned authorities to look into it that why it has taken place and they should be much more careful in the future".