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


        trigger_error($message, E_USER_DEPRECATED);

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

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


        trigger_error($message, E_USER_DEPRECATED);

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

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

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        LATEST NEWS UPDATES | Cause for caution: On India&#039;s GDP growth -Puja Mehra    </title>
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-The Hindu

India&rsquo;s GDP growth continues to be powered by consumption, not investments

A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the..."/>
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-The Hindu

India&rsquo;s GDP growth continues to be powered by consumption, not investments

A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the..." />
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    <h1 class="cat-box-title">Cause for caution: On India&#039;s GDP growth -Puja Mehra</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>India&rsquo;s GDP growth continues to be powered by consumption, not investments<br /></em><br />A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy? These include the depreciating rupee, rising bank bad loans, or non-performing assets (NPAs), a trade deficit that has shot up to a five-year high, and retail fuel prices that are inching up every day.<br /><br />One of the explanations being offered for the missing feel-good sentiment is that the faster growth has come on a low base which has produced a statistical effect, making growth appear faster. This is partly correct. The low base does explain a part of the growth estimated, but not all of it.<br /><br />The full picture emerges from sectoral estimates, which show that while some parts of the economy grew faster, a few others did not. Agricultural GDP growth quickened as two successive years of good rains improved farm produce. Manufacturing and construction, both industries that were dealt a severe shock by demonetisation, recovered, as the cash shortage moderated. Policy support &mdash; such as simplification of the messy Goods and Services Tax collection systems &mdash; can strengthen this revival. If nurtured, it can be employment-positive.<br /><br /><em>Another barometer<br /></em><br />Services growth slowed. Industries such as trade, hotels and transport, and the financial, real estate and professional services fall in this segment, as do public administration and defence services. Services growth is relatively more representative of the economic sentiment of the vocal among urban and semi-urban Indians. The performance of services probably explains the sense of disconnect with the growth estimate being expressed in some quarters.<br /><br />Despite slowing as compared to a year ago, the services sector grew faster than the agricultural GDP. It is too early to conclude if rural distress &mdash; to address which the Narendra Modi government announced budgetary support &mdash; has ended or reduced significantly. Rural wage growth has remained stagnant for the past four years.<br /><br />Please <a href="https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true" class="re" target="_blank">The Hindu, 11 September, 2018, https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true</a><div class="clear"></div>
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India&rsquo;s GDP growth continues to be powered by consumption, not investments

A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the..."/>
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India&rsquo;s GDP growth continues to be powered by consumption, not investments

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    <h1 class="cat-box-title">Cause for caution: On India&#039;s GDP growth -Puja Mehra</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>India&rsquo;s GDP growth continues to be powered by consumption, not investments<br /></em><br />A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy? These include the depreciating rupee, rising bank bad loans, or non-performing assets (NPAs), a trade deficit that has shot up to a five-year high, and retail fuel prices that are inching up every day.<br /><br />One of the explanations being offered for the missing feel-good sentiment is that the faster growth has come on a low base which has produced a statistical effect, making growth appear faster. This is partly correct. The low base does explain a part of the growth estimated, but not all of it.<br /><br />The full picture emerges from sectoral estimates, which show that while some parts of the economy grew faster, a few others did not. Agricultural GDP growth quickened as two successive years of good rains improved farm produce. Manufacturing and construction, both industries that were dealt a severe shock by demonetisation, recovered, as the cash shortage moderated. Policy support &mdash; such as simplification of the messy Goods and Services Tax collection systems &mdash; can strengthen this revival. If nurtured, it can be employment-positive.<br /><br /><em>Another barometer<br /></em><br />Services growth slowed. Industries such as trade, hotels and transport, and the financial, real estate and professional services fall in this segment, as do public administration and defence services. Services growth is relatively more representative of the economic sentiment of the vocal among urban and semi-urban Indians. The performance of services probably explains the sense of disconnect with the growth estimate being expressed in some quarters.<br /><br />Despite slowing as compared to a year ago, the services sector grew faster than the agricultural GDP. It is too early to conclude if rural distress &mdash; to address which the Narendra Modi government announced budgetary support &mdash; has ended or reduced significantly. Rural wage growth has remained stagnant for the past four years.<br /><br />Please <a href="https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true" class="re" target="_blank">The Hindu, 11 September, 2018, https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Cause for caution: On India&#039;s GDP growth -Puja Mehra    </title>
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-The Hindu

India&rsquo;s GDP growth continues to be powered by consumption, not investments

A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the..."/>
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India&rsquo;s GDP growth continues to be powered by consumption, not investments

A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the..." />
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    <h1 class="cat-box-title">Cause for caution: On India&#039;s GDP growth -Puja Mehra</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>India&rsquo;s GDP growth continues to be powered by consumption, not investments<br /></em><br />A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy? These include the depreciating rupee, rising bank bad loans, or non-performing assets (NPAs), a trade deficit that has shot up to a five-year high, and retail fuel prices that are inching up every day.<br /><br />One of the explanations being offered for the missing feel-good sentiment is that the faster growth has come on a low base which has produced a statistical effect, making growth appear faster. This is partly correct. The low base does explain a part of the growth estimated, but not all of it.<br /><br />The full picture emerges from sectoral estimates, which show that while some parts of the economy grew faster, a few others did not. Agricultural GDP growth quickened as two successive years of good rains improved farm produce. Manufacturing and construction, both industries that were dealt a severe shock by demonetisation, recovered, as the cash shortage moderated. Policy support &mdash; such as simplification of the messy Goods and Services Tax collection systems &mdash; can strengthen this revival. If nurtured, it can be employment-positive.<br /><br /><em>Another barometer<br /></em><br />Services growth slowed. Industries such as trade, hotels and transport, and the financial, real estate and professional services fall in this segment, as do public administration and defence services. Services growth is relatively more representative of the economic sentiment of the vocal among urban and semi-urban Indians. The performance of services probably explains the sense of disconnect with the growth estimate being expressed in some quarters.<br /><br />Despite slowing as compared to a year ago, the services sector grew faster than the agricultural GDP. It is too early to conclude if rural distress &mdash; to address which the Narendra Modi government announced budgetary support &mdash; has ended or reduced significantly. Rural wage growth has remained stagnant for the past four years.<br /><br />Please <a href="https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true" class="re" target="_blank">The Hindu, 11 September, 2018, https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true</a><div class="clear"></div>
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Cause for caution: On India's GDP growth -Puja Mehra

Published on Sep 11, 2018   Modified on Sep 11, 2018

-The Hindu India’s GDP growth continues to be powered by consumption, not investments A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy? These include the depreciating rupee, rising bank bad loans, or non-performing assets (NPAs), a trade deficit that has shot up to a five-year high, and retail fuel prices that are inching up every day. One of the explanations being offered for the missing feel-good sentiment is that the faster growth has come on a low base which has produced a statistical effect, making growth appear faster. This is partly correct. The low base does explain a part of the growth estimated, but not all of it. The full picture emerges from sectoral estimates, which show that while some parts of the economy grew faster, a few others did not. Agricultural GDP growth quickened as two successive years of good rains improved farm produce. Manufacturing and construction, both industries that were dealt a severe shock by demonetisation, recovered, as the cash shortage moderated. Policy support — such as simplification of the messy Goods and Services Tax collection systems — can strengthen this revival. If nurtured, it can be employment-positive. Another barometer Services growth slowed. Industries such as trade, hotels and transport, and the financial, real estate and professional services fall in this segment, as do public administration and defence services. Services growth is relatively more representative of the economic sentiment of the vocal among urban and semi-urban Indians. The performance of services probably explains the sense of disconnect with the growth estimate being expressed in some quarters. Despite slowing as compared to a year ago, the services sector grew faster than the agricultural GDP. It is too early to conclude if rural distress — to address which the Narendra Modi government announced budgetary support — has ended or reduced significantly. Rural wage growth has remained stagnant for the past four years. Please click here to read more.

The Hindu, 11 September, 2018, https://www.thehindu.com/opinion/op-ed/cause-for-caution/article24919132.ece?homepage=true

Tagged with: GDP estimates GDP growth

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