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: 73 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);
}
$message = '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: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 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 88 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
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: 74 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);
}
$message = '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: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 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 88 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 Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800fd9b8372d-trace').style.display = (document.getElementById('cakeErr6800fd9b8372d-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6800fd9b8372d-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800fd9b8372d-code').style.display = (document.getElementById('cakeErr6800fd9b8372d-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800fd9b8372d-context').style.display = (document.getElementById('cakeErr6800fd9b8372d-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6800fd9b8372d-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr6800fd9b8372d-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 58775, 'title' => 'A disconnect that shows the real state of the country’s economy -Himanshu', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 58775, 'metaTitle' => 'LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu', 'metaKeywords' => 'Gross Value Added,GVA,GDP,GDP Growth,Economic Growth', 'metaDesc' => '-Livemint.com * Disaggregated data contradicts the rosy picture that national accounts paint of our performance * 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...', 'disp' => '<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>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 58775, 'title' => 'A disconnect that shows the real state of the country’s economy -Himanshu', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 58775 $metaTitle = 'LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu' $metaKeywords = 'Gross Value Added,GVA,GDP,GDP Growth,Economic Growth' $metaDesc = '-Livemint.com * Disaggregated data contradicts the rosy picture that national accounts paint of our performance * 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...' $disp = '<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>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu | Im4change.org</title> <meta name="description" content="-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..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>A disconnect that shows the real state of the country’s economy -Himanshu</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <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’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.</em></p><p style="text-align:justify"> 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.</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&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&fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI">click here</a> to read more.</p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. 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$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800fd9b8372d-trace').style.display = (document.getElementById('cakeErr6800fd9b8372d-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6800fd9b8372d-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800fd9b8372d-code').style.display = (document.getElementById('cakeErr6800fd9b8372d-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800fd9b8372d-context').style.display = (document.getElementById('cakeErr6800fd9b8372d-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6800fd9b8372d-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr6800fd9b8372d-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 58775, 'title' => 'A disconnect that shows the real state of the country’s economy -Himanshu', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 58775, 'metaTitle' => 'LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu', 'metaKeywords' => 'Gross Value Added,GVA,GDP,GDP Growth,Economic Growth', 'metaDesc' => '-Livemint.com * Disaggregated data contradicts the rosy picture that national accounts paint of our performance * 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...', 'disp' => '<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>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 58775, 'title' => 'A disconnect that shows the real state of the country’s economy -Himanshu', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 58775 $metaTitle = 'LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu' $metaKeywords = 'Gross Value Added,GVA,GDP,GDP Growth,Economic Growth' $metaDesc = '-Livemint.com * Disaggregated data contradicts the rosy picture that national accounts paint of our performance * 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...' $disp = '<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>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu | Im4change.org</title> <meta name="description" content="-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..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>A disconnect that shows the real state of the country’s economy -Himanshu</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <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’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.</em></p><p style="text-align:justify"> 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.</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&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&fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI">click here</a> to read more.</p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? 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Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]Code Context$value
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$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800fd9b8372d-trace').style.display = (document.getElementById('cakeErr6800fd9b8372d-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr6800fd9b8372d-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800fd9b8372d-code').style.display = (document.getElementById('cakeErr6800fd9b8372d-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800fd9b8372d-context').style.display = (document.getElementById('cakeErr6800fd9b8372d-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6800fd9b8372d-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr6800fd9b8372d-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 58775, 'title' => 'A disconnect that shows the real state of the country’s economy -Himanshu', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 58775, 'metaTitle' => 'LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu', 'metaKeywords' => 'Gross Value Added,GVA,GDP,GDP Growth,Economic Growth', 'metaDesc' => '-Livemint.com * Disaggregated data contradicts the rosy picture that national accounts paint of our performance * 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...', 'disp' => '<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>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 58775, 'title' => 'A disconnect that shows the real state of the country’s economy -Himanshu', 'subheading' => null, 'description' => '<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">click here</a> to read more.</p> ', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 58775 $metaTitle = 'LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu' $metaKeywords = 'Gross Value Added,GVA,GDP,GDP Growth,Economic Growth' $metaDesc = '-Livemint.com * Disaggregated data contradicts the rosy picture that national accounts paint of our performance * 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...' $disp = '<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>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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</pre></div></pre>latest-news-updates/a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu | Im4change.org</title> <meta name="description" content="-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..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>A disconnect that shows the real state of the country’s economy -Himanshu</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <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’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.</em></p><p style="text-align:justify"> 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.</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&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&fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI">click here</a> to read more.</p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? 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$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 58775, 'title' => 'A disconnect that shows the real state of the country’s economy -Himanshu', 'subheading' => null, 'description' => '<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’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.</em></p> <p style="text-align:justify"> 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.</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&fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI">click here</a> to read more.</p> ', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 58775, 'metaTitle' => 'LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu', 'metaKeywords' => 'Gross Value Added,GVA,GDP,GDP Growth,Economic Growth', 'metaDesc' => '-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...', 'disp' => '<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’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.</em></p><p style="text-align:justify"> 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.</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&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&fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI">click here</a> to read more.</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 58775, 'title' => 'A disconnect that shows the real state of the country’s economy -Himanshu', 'subheading' => null, 'description' => '<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’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.</em></p> <p style="text-align:justify"> 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.</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&fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI">click here</a> to read more.</p> ', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'a-disconnect-that-shows-the-real-state-of-the-country-s-economy-himanshu', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 58775 $metaTitle = 'LATEST NEWS UPDATES | A disconnect that shows the real state of the country’s economy -Himanshu' $metaKeywords = 'Gross Value Added,GVA,GDP,GDP Growth,Economic Growth' $metaDesc = '-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...' $disp = '<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’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.</em></p><p style="text-align:justify"> 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.</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&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&fbclid=IwAR0on4T4jm-xUDHchimU9ZLfS1CJz3AoEVdcYQLCiM_lsXO6dcQT68uZHZI">click here</a> to read more.</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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A disconnect that shows the real state of the country’s economy -Himanshu |
-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. |