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/are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore/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/are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore/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('cakeErr6801c54eb321a-trace').style.display = (document.getElementById('cakeErr6801c54eb321a-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="cakeErr6801c54eb321a-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c54eb321a-code').style.display = (document.getElementById('cakeErr6801c54eb321a-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c54eb321a-context').style.display = (document.getElementById('cakeErr6801c54eb321a-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6801c54eb321a-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="cakeErr6801c54eb321a-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) 61815, 'title' => 'Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'subheading' => null, 'description' => '<p style="text-align:justify">-Hindustan Times</p> <p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p> <p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p> <p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p> <p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p> <p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</p> ', 'credit_writer' => 'Hindustan Times, 7 January, 2022, https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore', '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) 61815, 'metaTitle' => 'LATEST NEWS UPDATES | Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'metaKeywords' => 'Revenue Expenditure,Capital Expenditure,Union Budget,Fiscal Spending', 'metaDesc' => '-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let&rsquo;s assume it takes a tonne of steel to build...', 'disp' => '<p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p><p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p><p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p><p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html" title="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 61815, 'title' => 'Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'subheading' => null, 'description' => '<p style="text-align:justify">-Hindustan Times</p> <p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p> <p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p> <p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p> <p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p> <p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</p> ', 'credit_writer' => 'Hindustan Times, 7 January, 2022, https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore', '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) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 61815 $metaTitle = 'LATEST NEWS UPDATES | Are we overestimating the fiscal boost to the economy? -Roshan Kishore' $metaKeywords = 'Revenue Expenditure,Capital Expenditure,Union Budget,Fiscal Spending' $metaDesc = '-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let&rsquo;s assume it takes a tonne of steel to build...' $disp = '<p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p><p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p><p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p><p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html" title="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</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/are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore.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 | Are we overestimating the fiscal boost to the economy? -Roshan Kishore | Im4change.org</title> <meta name="description" content="-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build..."/> <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>Are we overestimating the fiscal boost to the economy? -Roshan Kishore</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">-Hindustan Times</p><p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p><p style="text-align:justify">Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p><p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p><p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html" title="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">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 $message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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$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('cakeErr6801c54eb321a-trace').style.display = (document.getElementById('cakeErr6801c54eb321a-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="cakeErr6801c54eb321a-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c54eb321a-code').style.display = (document.getElementById('cakeErr6801c54eb321a-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c54eb321a-context').style.display = (document.getElementById('cakeErr6801c54eb321a-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6801c54eb321a-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">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr6801c54eb321a-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 61815, 'title' => 'Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'subheading' => null, 'description' => '<p style="text-align:justify">-Hindustan Times</p> <p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p> <p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p> <p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p> <p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p> <p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</p> ', 'credit_writer' => 'Hindustan Times, 7 January, 2022, https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore', '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) 61815, 'metaTitle' => 'LATEST NEWS UPDATES | Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'metaKeywords' => 'Revenue Expenditure,Capital Expenditure,Union Budget,Fiscal Spending', 'metaDesc' => '-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let&rsquo;s assume it takes a tonne of steel to build...', 'disp' => '<p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p><p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p><p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p><p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html" title="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 61815, 'title' => 'Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'subheading' => null, 'description' => '<p style="text-align:justify">-Hindustan Times</p> <p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p> <p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p> <p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p> <p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p> <p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</p> ', 'credit_writer' => 'Hindustan Times, 7 January, 2022, https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore', '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) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 61815 $metaTitle = 'LATEST NEWS UPDATES | Are we overestimating the fiscal boost to the economy? -Roshan Kishore' $metaKeywords = 'Revenue Expenditure,Capital Expenditure,Union Budget,Fiscal Spending' $metaDesc = '-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let&rsquo;s assume it takes a tonne of steel to build...' $disp = '<p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p><p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p><p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p><p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html" title="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</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/are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore.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 | Are we overestimating the fiscal boost to the economy? -Roshan Kishore | Im4change.org</title> <meta name="description" content="-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build..."/> <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>Are we overestimating the fiscal boost to the economy? -Roshan Kishore</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">-Hindustan Times</p><p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p><p style="text-align:justify">Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p><p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p><p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html" title="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">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>' } $reasonPhrase = 'OK'header - [internal], line ?? Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
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$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('cakeErr6801c54eb321a-trace').style.display = (document.getElementById('cakeErr6801c54eb321a-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="cakeErr6801c54eb321a-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c54eb321a-code').style.display = (document.getElementById('cakeErr6801c54eb321a-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6801c54eb321a-context').style.display = (document.getElementById('cakeErr6801c54eb321a-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6801c54eb321a-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">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr6801c54eb321a-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 61815, 'title' => 'Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'subheading' => null, 'description' => '<p style="text-align:justify">-Hindustan Times</p> <p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p> <p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p> <p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p> <p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p> <p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</p> ', 'credit_writer' => 'Hindustan Times, 7 January, 2022, https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore', '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) 61815, 'metaTitle' => 'LATEST NEWS UPDATES | Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'metaKeywords' => 'Revenue Expenditure,Capital Expenditure,Union Budget,Fiscal Spending', 'metaDesc' => '-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let&rsquo;s assume it takes a tonne of steel to build...', 'disp' => '<p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p><p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p><p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p><p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html" title="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 61815, 'title' => 'Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'subheading' => null, 'description' => '<p style="text-align:justify">-Hindustan Times</p> <p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p> <p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p> <p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p> <p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p> <p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</p> ', 'credit_writer' => 'Hindustan Times, 7 January, 2022, https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore', '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) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 61815 $metaTitle = 'LATEST NEWS UPDATES | Are we overestimating the fiscal boost to the economy? -Roshan Kishore' $metaKeywords = 'Revenue Expenditure,Capital Expenditure,Union Budget,Fiscal Spending' $metaDesc = '-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let&rsquo;s assume it takes a tonne of steel to build...' $disp = '<p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p><p style="text-align:justify">Let&rsquo;s assume it takes a tonne of steel to build half a kilometre of road. Let&rsquo;s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p><p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p><p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html" title="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more.&nbsp;</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/are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore.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 | Are we overestimating the fiscal boost to the economy? -Roshan Kishore | Im4change.org</title> <meta name="description" content="-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build..."/> <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>Are we overestimating the fiscal boost to the economy? -Roshan Kishore</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">-Hindustan Times</p><p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p><p style="text-align:justify">Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p><p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p><p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html" title="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">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) 61815, 'title' => 'Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'subheading' => null, 'description' => '<p style="text-align:justify">-Hindustan Times</p> <p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p> <p style="text-align:justify">Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p> <p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p> <p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p> <p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more. </p> ', 'credit_writer' => 'Hindustan Times, 7 January, 2022, https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore', '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) 61815, 'metaTitle' => 'LATEST NEWS UPDATES | Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'metaKeywords' => 'Revenue Expenditure,Capital Expenditure,Union Budget,Fiscal Spending', 'metaDesc' => '-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build...', 'disp' => '<p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p><p style="text-align:justify">Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p><p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p><p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html" title="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">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) 61815, 'title' => 'Are we overestimating the fiscal boost to the economy? -Roshan Kishore', 'subheading' => null, 'description' => '<p style="text-align:justify">-Hindustan Times</p> <p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p> <p style="text-align:justify">Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p> <p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p> <p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p> <p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more. </p> ', 'credit_writer' => 'Hindustan Times, 7 January, 2022, https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'are-we-overestimating-the-fiscal-boost-to-the-economy-roshan-kishore', '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) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 61815 $metaTitle = 'LATEST NEWS UPDATES | Are we overestimating the fiscal boost to the economy? -Roshan Kishore' $metaKeywords = 'Revenue Expenditure,Capital Expenditure,Union Budget,Fiscal Spending' $metaDesc = '-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build...' $disp = '<p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series.</em></p><p style="text-align:justify">Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why.</p><p style="text-align:justify"><em>Nominal growth component of the GDP has been increasing</em></p><p style="text-align:justify">Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html" title="https://www.hindustantimes.com/analysis/will-just-a-capex-focus-in-the-budget-work-for-the-economy-101641548160682.html">click here</a> to read more. </p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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
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Are we overestimating the fiscal boost to the economy? -Roshan Kishore |
-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs 1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year, then government spending and taxes from steel will also double, although the length of road remains the same. Prices do not typically double in a year, but this hypothetical example shows that in years of abnormal inflationary movements, fiscal waters can easily get muddied. The 2021-22 financial year could be one such year for the Indian economy. Here are four charts that explain why. Nominal growth component of the GDP has been increasing Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. While real GDP matters to track the growth of actual output, nominal numbers are important on at least two counts: government finances and terms of trade, or ratio of prices, between sectors. A look at quarterly GDP statistics shows that the nominal growth component, or the difference between current and constant price growth, has increased sharply in the current fiscal year that ends in March 2022. At 11.6 and 9.1 percentage points in the June and September quarters, the nominal growth component was the highest since September 2011. Please click here to read more. |