First Advance Estimates(FAE) of GDP
- The FAE, first introduced in 2016-17, are typically published at the end of the first week of January.
- They are the “first” official estimates of how GDP is expected to grow in that financial year.
- Apart from it, they are also the “advance” estimates because they are published long before the financial year (April to March) is over.
- The FAE is published soon after the end of the third quarter or Q3 (October, November, and December).
- However, they do not include the formal Q3 GDP data, which is published at the end of February as part of the Second Advance Estimates ....
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