Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu    </title>
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>* Disaggregated data contradicts the rosy picture that national accounts paint of our performance</em></p><p style="text-align:justify"><em>* It&rsquo;s premature to conclude that a recovery is underway, as our GDP rise in 2020-21&rsquo;s third quarter was on a very low base. Also, other data sets reveal that distress remains widespread.</em></p><p style="text-align:justify">&nbsp;Estimates of growth in the third quarter of 2020-21 along with advance estimates of the full year were released last month by India&rsquo;s statistics ministry. These showed that the country&rsquo;s gross domestic product (GDP) increased 0.4% year-on-year in the October-December quarter, thus breaking the previous two quarters&rsquo; trend of declining GDP. Along with this, the advance estimates also revised the full year&rsquo;s decline in GDP to 8% from 7.7%. That the economy had finally moved into positive growth territory was seen as a sign of economic recovery, with many claiming that the worst may finally be over as far as the covid pandemic&rsquo;s impact is concerned.</p><p style="text-align:justify">Unfortunately, such a conclusion is based on nothing more than a statistical illusion. The positive growth on a year-on-year basis is largely a result of the weak output of the third quarter of last fiscal year, when growth in gross value added (GVA) was the lowest since the introduction of the new series of national accounts. In fact, GVA growth in the third quarter of last fiscal was the lowest in more than a decade. Given that the economy was already in the midst of a severe slowdown, even the next quarter is likely to show expansion, but this is largely a result of a low base. It is not a recovery in any true sense.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/opinion/columns/a-disconnect-that-shows-the-real-state-of-the-country-s-economy/amp-11615480601420.html?__twitter_impression=true&amp;fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI" title="https://www.livemint.com/opinion/columns/a-disconnect-that-shows-the-real-state-of-the-country-s-economy/amp-11615480601420.html?__twitter_impression=true&amp;fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI">click here</a> to read more.</p>                                                           
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    <h1 class="cat-box-title">A disconnect that shows the real state of the country’s economy -Himanshu</h1>
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>* Disaggregated data contradicts the rosy picture that national accounts paint of our performance</em></p><p style="text-align:justify"><em>* It&rsquo;s premature to conclude that a recovery is underway, as our GDP rise in 2020-21&rsquo;s third quarter was on a very low base. Also, other data sets reveal that distress remains widespread.</em></p><p style="text-align:justify">&nbsp;Estimates of growth in the third quarter of 2020-21 along with advance estimates of the full year were released last month by India&rsquo;s statistics ministry. These showed that the country&rsquo;s gross domestic product (GDP) increased 0.4% year-on-year in the October-December quarter, thus breaking the previous two quarters&rsquo; trend of declining GDP. Along with this, the advance estimates also revised the full year&rsquo;s decline in GDP to 8% from 7.7%. That the economy had finally moved into positive growth territory was seen as a sign of economic recovery, with many claiming that the worst may finally be over as far as the covid pandemic&rsquo;s impact is concerned.</p><p style="text-align:justify">Unfortunately, such a conclusion is based on nothing more than a statistical illusion. The positive growth on a year-on-year basis is largely a result of the weak output of the third quarter of last fiscal year, when growth in gross value added (GVA) was the lowest since the introduction of the new series of national accounts. In fact, GVA growth in the third quarter of last fiscal was the lowest in more than a decade. Given that the economy was already in the midst of a severe slowdown, even the next quarter is likely to show expansion, but this is largely a result of a low base. It is not a recovery in any true sense.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/opinion/columns/a-disconnect-that-shows-the-real-state-of-the-country-s-economy/amp-11615480601420.html?__twitter_impression=true&amp;fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI" title="https://www.livemint.com/opinion/columns/a-disconnect-that-shows-the-real-state-of-the-country-s-economy/amp-11615480601420.html?__twitter_impression=true&amp;fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI">click here</a> to read more.</p>                                                           
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    <h1 class="cat-box-title">A disconnect that shows the real state of the country’s economy -Himanshu</h1>
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>* Disaggregated data contradicts the rosy picture that national accounts paint of our performance</em></p><p style="text-align:justify"><em>* It&rsquo;s premature to conclude that a recovery is underway, as our GDP rise in 2020-21&rsquo;s third quarter was on a very low base. Also, other data sets reveal that distress remains widespread.</em></p><p style="text-align:justify">&nbsp;Estimates of growth in the third quarter of 2020-21 along with advance estimates of the full year were released last month by India&rsquo;s statistics ministry. These showed that the country&rsquo;s gross domestic product (GDP) increased 0.4% year-on-year in the October-December quarter, thus breaking the previous two quarters&rsquo; trend of declining GDP. Along with this, the advance estimates also revised the full year&rsquo;s decline in GDP to 8% from 7.7%. That the economy had finally moved into positive growth territory was seen as a sign of economic recovery, with many claiming that the worst may finally be over as far as the covid pandemic&rsquo;s impact is concerned.</p><p style="text-align:justify">Unfortunately, such a conclusion is based on nothing more than a statistical illusion. The positive growth on a year-on-year basis is largely a result of the weak output of the third quarter of last fiscal year, when growth in gross value added (GVA) was the lowest since the introduction of the new series of national accounts. In fact, GVA growth in the third quarter of last fiscal was the lowest in more than a decade. Given that the economy was already in the midst of a severe slowdown, even the next quarter is likely to show expansion, but this is largely a result of a low base. It is not a recovery in any true sense.</p><p style="text-align:justify">Please <a href="https://www.livemint.com/opinion/columns/a-disconnect-that-shows-the-real-state-of-the-country-s-economy/amp-11615480601420.html?__twitter_impression=true&amp;fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI" title="https://www.livemint.com/opinion/columns/a-disconnect-that-shows-the-real-state-of-the-country-s-economy/amp-11615480601420.html?__twitter_impression=true&amp;fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI">click here</a> to read more.</p>                                                           
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A disconnect that shows the real state of the country’s economy -Himanshu

Published on Mar 11, 2021   Modified on Mar 14, 2021

-Livemint.com * Disaggregated data contradicts the rosy picture that national accounts paint of our performance * It’s premature to conclude that a recovery is underway, as our GDP rise in 2020-21’s third quarter was on a very low base. Also, other data sets reveal that distress remains widespread.  Estimates of growth in the third quarter of 2020-21 along with advance estimates of the full year were released last month by India’s statistics ministry. These showed that the country’s gross domestic product (GDP) increased 0.4% year-on-year in the October-December quarter, thus breaking the previous two quarters’ trend of declining GDP. Along with this, the advance estimates also revised the full year’s decline in GDP to 8% from 7.7%. That the economy had finally moved into positive growth territory was seen as a sign of economic recovery, with many claiming that the worst may finally be over as far as the covid pandemic’s impact is concerned. Unfortunately, such a conclusion is based on nothing more than a statistical illusion. The positive growth on a year-on-year basis is largely a result of the weak output of the third quarter of last fiscal year, when growth in gross value added (GVA) was the lowest since the introduction of the new series of national accounts. In fact, GVA growth in the third quarter of last fiscal was the lowest in more than a decade. Given that the economy was already in the midst of a severe slowdown, even the next quarter is likely to show expansion, but this is largely a result of a low base. It is not a recovery in any true sense. Please click here to read more.

Livemint.com, 11 March, 2021, https://www.livemint.com/opinion/columns/a-disconnect-that-shows-the-real-state-of-the-country-s-economy/amp-11615480601420.html?__twitter_impression=true&fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI

Tagged with: Gross Value Added GVA GDP GDP Growth Economic Growth

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