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
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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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 | Domestic demand must play a greater role in India’s growth story -Jahangir Aziz    </title>
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Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India&rsquo;s growth story.

India&rsquo;s..."/>
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Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India&rsquo;s growth story.

India&rsquo;s..." />
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India&rsquo;s growth story.</em></p><p style="text-align:justify">India&rsquo;s fourth quarter GDP growth (calendar year 2019) printed another sub-5 per cent growth rate. It would have been lower had it not been for the large downward revisions to previous years&rsquo; GDP that statistically boosted the last quarter&rsquo;s growth rate because of favourable base effects. Policymakers and the market heaved a sigh of relief that the relentless decline over the last three years at least seems to have stabilised around 4-5 per cent. But, because year-over growth rates are so strongly affected by what happened a year ago, most economies (including China) instead publish and conduct policy discussions based on sequential quarterly growth. Also, sequential growth rates provide a much better sense of the momentum and turning points in activity, which are critical to decide whether, how much, and when the economy needs policy support. If they had done so, both policymakers and the market would have found that the growth momentum rose, albeit modestly, from 3.8 per cent in the third quarter 2019 to 4.1 per cent. More importantly, non-farm and non-government GDP (the closest approximation to non-farm private sector GDP) bounced much more sharply from 1.6 per cent (and no this is not a misprint) to 4.4 per cent in the fourth quarter.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/nso-india-gdp-growth-data-indian-economy-nirmala-sitharaman-6299532/" title="https://indianexpress.com/article/opinion/columns/nso-india-gdp-growth-data-indian-economy-nirmala-sitharaman-6299532/">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India&rsquo;s growth story.

India&rsquo;s..."/>
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Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India&rsquo;s growth story.

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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India&rsquo;s growth story.</em></p><p style="text-align:justify">India&rsquo;s fourth quarter GDP growth (calendar year 2019) printed another sub-5 per cent growth rate. It would have been lower had it not been for the large downward revisions to previous years&rsquo; GDP that statistically boosted the last quarter&rsquo;s growth rate because of favourable base effects. Policymakers and the market heaved a sigh of relief that the relentless decline over the last three years at least seems to have stabilised around 4-5 per cent. But, because year-over growth rates are so strongly affected by what happened a year ago, most economies (including China) instead publish and conduct policy discussions based on sequential quarterly growth. Also, sequential growth rates provide a much better sense of the momentum and turning points in activity, which are critical to decide whether, how much, and when the economy needs policy support. If they had done so, both policymakers and the market would have found that the growth momentum rose, albeit modestly, from 3.8 per cent in the third quarter 2019 to 4.1 per cent. More importantly, non-farm and non-government GDP (the closest approximation to non-farm private sector GDP) bounced much more sharply from 1.6 per cent (and no this is not a misprint) to 4.4 per cent in the fourth quarter.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/nso-india-gdp-growth-data-indian-economy-nirmala-sitharaman-6299532/" title="https://indianexpress.com/article/opinion/columns/nso-india-gdp-growth-data-indian-economy-nirmala-sitharaman-6299532/">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India&rsquo;s growth story.

India&rsquo;s..."/>
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Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India&rsquo;s growth story.

India&rsquo;s..." />
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India&rsquo;s growth story.</em></p><p style="text-align:justify">India&rsquo;s fourth quarter GDP growth (calendar year 2019) printed another sub-5 per cent growth rate. It would have been lower had it not been for the large downward revisions to previous years&rsquo; GDP that statistically boosted the last quarter&rsquo;s growth rate because of favourable base effects. Policymakers and the market heaved a sigh of relief that the relentless decline over the last three years at least seems to have stabilised around 4-5 per cent. But, because year-over growth rates are so strongly affected by what happened a year ago, most economies (including China) instead publish and conduct policy discussions based on sequential quarterly growth. Also, sequential growth rates provide a much better sense of the momentum and turning points in activity, which are critical to decide whether, how much, and when the economy needs policy support. If they had done so, both policymakers and the market would have found that the growth momentum rose, albeit modestly, from 3.8 per cent in the third quarter 2019 to 4.1 per cent. More importantly, non-farm and non-government GDP (the closest approximation to non-farm private sector GDP) bounced much more sharply from 1.6 per cent (and no this is not a misprint) to 4.4 per cent in the fourth quarter.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/nso-india-gdp-growth-data-indian-economy-nirmala-sitharaman-6299532/" title="https://indianexpress.com/article/opinion/columns/nso-india-gdp-growth-data-indian-economy-nirmala-sitharaman-6299532/">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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Home हिन्दी

Domestic demand must play a greater role in India’s growth story -Jahangir Aziz

Published on Mar 5, 2020   Modified on Mar 5, 2020

-The Indian Express Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India’s growth story. India’s fourth quarter GDP growth (calendar year 2019) printed another sub-5 per cent growth rate. It would have been lower had it not been for the large downward revisions to previous years’ GDP that statistically boosted the last quarter’s growth rate because of favourable base effects. Policymakers and the market heaved a sigh of relief that the relentless decline over the last three years at least seems to have stabilised around 4-5 per cent. But, because year-over growth rates are so strongly affected by what happened a year ago, most economies (including China) instead publish and conduct policy discussions based on sequential quarterly growth. Also, sequential growth rates provide a much better sense of the momentum and turning points in activity, which are critical to decide whether, how much, and when the economy needs policy support. If they had done so, both policymakers and the market would have found that the growth momentum rose, albeit modestly, from 3.8 per cent in the third quarter 2019 to 4.1 per cent. More importantly, non-farm and non-government GDP (the closest approximation to non-farm private sector GDP) bounced much more sharply from 1.6 per cent (and no this is not a misprint) to 4.4 per cent in the fourth quarter. Please click here to read more.

The Indian Express, 5 March, 2020, https://indianexpress.com/article/opinion/columns/nso-india-gdp-growth-data-indian-economy-nirmala-sitharaman-6299532/

Tagged with: GDP Growth Economic Growth Effective Demand MoSPI NSO

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