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);

    }
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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::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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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: 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);

    }
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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::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 Context
            if (Configure::read('debug')) {

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-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Data presents a rosy picture but fails to convince&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &amp;mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &amp;mdash; the Second Advance Estimate for the current financial year &amp;mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. &lt;br /&gt;
&lt;br /&gt;
To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &amp;mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &amp;mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &amp;mdash; 1.9%, 3.1% and 5.6% respectively.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-Business Standard

Data presents a rosy picture but fails to convince

New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the...&#039;,
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&lt;br /&gt;
&lt;em&gt;Data presents a rosy picture but fails to convince&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &amp;mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &amp;mdash; the Second Advance Estimate for the current financial year &amp;mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. &lt;br /&gt;
&lt;br /&gt;
To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &amp;mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &amp;mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &amp;mdash; 1.9%, 3.1% and 5.6% respectively.&lt;br /&gt;
&lt;br /&gt;
In Q3FY17, however, against all economic reasoning, this variable has registered a growth 3.5% (YOY). This is odd because businesses were sitting on inventory, working way below full capacity and given the expected impact of demonetisation on demand, one would have expected businesses to stay away from investing. But, of course, the data doesn&amp;rsquo;t agree. The third remarkable data is on private final consumption expenditure (PFCE), which shows what happens to the consumption of private individuals in the economy, as against the government. Again, this variable has shot up by 10% in Q3 FY17, much against any theoretical understanding or anecdotal evidence that is available.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Data presents a rosy picture but fails to convince

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Data presents a rosy picture but fails to convince

New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the..."/>
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                <strong>GDP data: The plot thickens -Udit Misra</strong></h1>
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                <div align="justify">-Business Standard<br /><br /><em>Data presents a rosy picture but fails to convince<br /></em><br /><em>New Delhi: </em>For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &mdash; the Second Advance Estimate for the current financial year &mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. <br /><br />To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &mdash; 1.9%, 3.1% and 5.6% respectively.<br /><br />In Q3FY17, however, against all economic reasoning, this variable has registered a growth 3.5% (YOY). This is odd because businesses were sitting on inventory, working way below full capacity and given the expected impact of demonetisation on demand, one would have expected businesses to stay away from investing. But, of course, the data doesn&rsquo;t agree. The third remarkable data is on private final consumption expenditure (PFCE), which shows what happens to the consumption of private individuals in the economy, as against the government. Again, this variable has shot up by 10% in Q3 FY17, much against any theoretical understanding or anecdotal evidence that is available.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html" title="http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html">click here</a> to read more. <br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68051fd66b2ff-trace').style.display = (document.getElementById('cakeErr68051fd66b2ff-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="cakeErr68051fd66b2ff-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68051fd66b2ff-code').style.display = (document.getElementById('cakeErr68051fd66b2ff-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68051fd66b2ff-context').style.display = (document.getElementById('cakeErr68051fd66b2ff-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68051fd66b2ff-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</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">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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</span></span></code></pre><pre id="cakeErr68051fd66b2ff-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Data presents a rosy picture but fails to convince&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &amp;mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &amp;mdash; the Second Advance Estimate for the current financial year &amp;mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. &lt;br /&gt;
&lt;br /&gt;
To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &amp;mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &amp;mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &amp;mdash; 1.9%, 3.1% and 5.6% respectively.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Data presents a rosy picture but fails to convince

New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the...&#039;,
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&lt;br /&gt;
&lt;em&gt;Data presents a rosy picture but fails to convince&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &amp;mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &amp;mdash; the Second Advance Estimate for the current financial year &amp;mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. &lt;br /&gt;
&lt;br /&gt;
To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &amp;mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &amp;mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &amp;mdash; 1.9%, 3.1% and 5.6% respectively.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Data presents a rosy picture but fails to convince

New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the...&#039;
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Data presents a rosy picture but fails to convince

New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the..."/>
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                <strong>GDP data: The plot thickens -Udit Misra</strong></h1>
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                <div align="justify">-Business Standard<br /><br /><em>Data presents a rosy picture but fails to convince<br /></em><br /><em>New Delhi: </em>For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &mdash; the Second Advance Estimate for the current financial year &mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. <br /><br />To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &mdash; 1.9%, 3.1% and 5.6% respectively.<br /><br />In Q3FY17, however, against all economic reasoning, this variable has registered a growth 3.5% (YOY). This is odd because businesses were sitting on inventory, working way below full capacity and given the expected impact of demonetisation on demand, one would have expected businesses to stay away from investing. But, of course, the data doesn&rsquo;t agree. The third remarkable data is on private final consumption expenditure (PFCE), which shows what happens to the consumption of private individuals in the economy, as against the government. Again, this variable has shot up by 10% in Q3 FY17, much against any theoretical understanding or anecdotal evidence that is available.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html" title="http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html">click here</a> to read more. <br /></div>               </font>
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-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Data presents a rosy picture but fails to convince&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &amp;mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &amp;mdash; the Second Advance Estimate for the current financial year &amp;mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. &lt;br /&gt;
&lt;br /&gt;
To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &amp;mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &amp;mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &amp;mdash; 1.9%, 3.1% and 5.6% respectively.&lt;br /&gt;
&lt;br /&gt;
In Q3FY17, however, against all economic reasoning, this variable has registered a growth 3.5% (YOY). This is odd because businesses were sitting on inventory, working way below full capacity and given the expected impact of demonetisation on demand, one would have expected businesses to stay away from investing. But, of course, the data doesn&amp;rsquo;t agree. The third remarkable data is on private final consumption expenditure (PFCE), which shows what happens to the consumption of private individuals in the economy, as against the government. Again, this variable has shot up by 10% in Q3 FY17, much against any theoretical understanding or anecdotal evidence that is available.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Data presents a rosy picture but fails to convince

New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the...&#039;,
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&lt;br /&gt;
&lt;em&gt;Data presents a rosy picture but fails to convince&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &amp;mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &amp;mdash; the Second Advance Estimate for the current financial year &amp;mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. &lt;br /&gt;
&lt;br /&gt;
To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &amp;mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &amp;mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &amp;mdash; 1.9%, 3.1% and 5.6% respectively.&lt;br /&gt;
&lt;br /&gt;
In Q3FY17, however, against all economic reasoning, this variable has registered a growth 3.5% (YOY). This is odd because businesses were sitting on inventory, working way below full capacity and given the expected impact of demonetisation on demand, one would have expected businesses to stay away from investing. But, of course, the data doesn&amp;rsquo;t agree. The third remarkable data is on private final consumption expenditure (PFCE), which shows what happens to the consumption of private individuals in the economy, as against the government. Again, this variable has shot up by 10% in Q3 FY17, much against any theoretical understanding or anecdotal evidence that is available.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Data presents a rosy picture but fails to convince

New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Data presents a rosy picture but fails to convince&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &amp;mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &amp;mdash; the Second Advance Estimate for the current financial year &amp;mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. &lt;br /&gt;&lt;br /&gt;To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &amp;mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &amp;mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &amp;mdash; 1.9%, 3.1% and 5.6% respectively.&lt;br /&gt;&lt;br /&gt;In Q3FY17, however, against all economic reasoning, this variable has registered a growth 3.5% (YOY). This is odd because businesses were sitting on inventory, working way below full capacity and given the expected impact of demonetisation on demand, one would have expected businesses to stay away from investing. But, of course, the data doesn&amp;rsquo;t agree. The third remarkable data is on private final consumption expenditure (PFCE), which shows what happens to the consumption of private individuals in the economy, as against the government. Again, this variable has shot up by 10% in Q3 FY17, much against any theoretical understanding or anecdotal evidence that is available.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html&quot; title=&quot;http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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Data presents a rosy picture but fails to convince

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                <strong>GDP data: The plot thickens -Udit Misra</strong></h1>
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                <div align="justify">-Business Standard<br /><br /><em>Data presents a rosy picture but fails to convince<br /></em><br /><em>New Delhi: </em>For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &mdash; the Second Advance Estimate for the current financial year &mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. <br /><br />To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &mdash; 1.9%, 3.1% and 5.6% respectively.<br /><br />In Q3FY17, however, against all economic reasoning, this variable has registered a growth 3.5% (YOY). This is odd because businesses were sitting on inventory, working way below full capacity and given the expected impact of demonetisation on demand, one would have expected businesses to stay away from investing. But, of course, the data doesn&rsquo;t agree. The third remarkable data is on private final consumption expenditure (PFCE), which shows what happens to the consumption of private individuals in the economy, as against the government. Again, this variable has shot up by 10% in Q3 FY17, much against any theoretical understanding or anecdotal evidence that is available.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html" title="http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html">click here</a> to read more. <br /></div>               </font>
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-Business Standard<br />
<br />
<em>Data presents a rosy picture but fails to convince<br />
</em><br />
<em>New Delhi: </em>For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &mdash; the Second Advance Estimate for the current financial year &mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. <br />
<br />
To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &mdash; 1.9%, 3.1% and 5.6% respectively.<br />
<br />
In Q3FY17, however, against all economic reasoning, this variable has registered a growth 3.5% (YOY). This is odd because businesses were sitting on inventory, working way below full capacity and given the expected impact of demonetisation on demand, one would have expected businesses to stay away from investing. But, of course, the data doesn&rsquo;t agree. The third remarkable data is on private final consumption expenditure (PFCE), which shows what happens to the consumption of private individuals in the economy, as against the government. Again, this variable has shot up by 10% in Q3 FY17, much against any theoretical understanding or anecdotal evidence that is available.<br />
<br />
Please <a href="http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html">click here</a> to read more. <br />
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Data presents a rosy picture but fails to convince

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-Business Standard<br />
<br />
<em>Data presents a rosy picture but fails to convince<br />
</em><br />
<em>New Delhi: </em>For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &mdash; the Second Advance Estimate for the current financial year &mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. <br />
<br />
To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &mdash; 1.9%, 3.1% and 5.6% respectively.<br />
<br />
In Q3FY17, however, against all economic reasoning, this variable has registered a growth 3.5% (YOY). This is odd because businesses were sitting on inventory, working way below full capacity and given the expected impact of demonetisation on demand, one would have expected businesses to stay away from investing. But, of course, the data doesn&rsquo;t agree. The third remarkable data is on private final consumption expenditure (PFCE), which shows what happens to the consumption of private individuals in the economy, as against the government. Again, this variable has shot up by 10% in Q3 FY17, much against any theoretical understanding or anecdotal evidence that is available.<br />
<br />
Please <a href="http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html">click here</a> to read more. <br />
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-Business Standard

Data presents a rosy picture but fails to convince

New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the...'
$disp = '<div align="justify">-Business Standard<br /><br /><em>Data presents a rosy picture but fails to convince<br /></em><br /><em>New Delhi: </em>For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth &mdash; some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data &mdash; the Second Advance Estimate for the current financial year &mdash; has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. <br /><br />To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters &mdash; that is, Q4FY16, Q1 FY17 and Q2FY17 &mdash; GFCF had contracted (Year on Year) and that too at an increasingly faster clip &mdash; 1.9%, 3.1% and 5.6% respectively.<br /><br />In Q3FY17, however, against all economic reasoning, this variable has registered a growth 3.5% (YOY). This is odd because businesses were sitting on inventory, working way below full capacity and given the expected impact of demonetisation on demand, one would have expected businesses to stay away from investing. But, of course, the data doesn&rsquo;t agree. The third remarkable data is on private final consumption expenditure (PFCE), which shows what happens to the consumption of private individuals in the economy, as against the government. Again, this variable has shot up by 10% in Q3 FY17, much against any theoretical understanding or anecdotal evidence that is available.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html" title="http://www.business-standard.com/article/economy-policy/gdp-data-the-plot-thickens-117022800911_1.html">click here</a> to read more. <br /></div>'
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GDP data: The plot thickens -Udit Misra

-Business Standard Data presents a rosy picture but fails to convince New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue have been projecting a hit on GDP growth — some even projecting a dip by 3.5 percentage points. However, none of those apprehensions have come through. The CSO data — the Second Advance Estimate for the current financial year — has pegged the full year GDP growth at 7.1%. This is exactly what it was in the First Advance Estimates released in January but those, crucially, had not taken into account the impact of demonetisation.So the main takeaway is that demonetisation did not have any impact on the growth rate of the economy. To be sure, this was not the only thing that was alarming aspect of the the third quarter GDP data. Two more data points stand out. First, the gross fixed capital formation (GFCF), which indicates the growth or contraction of private investment in the economy. For the past three quarters — that is, Q4FY16, Q1 FY17 and Q2FY17 — GFCF had contracted (Year on Year) and that too at an increasingly faster clip — 1.9%, 3.1% and 5.6% respectively. In Q3FY17, however, against all economic reasoning, this variable has registered a growth 3.5% (YOY). This is odd because businesses were sitting on inventory, working way below full capacity and given the expected impact of demonetisation on demand, one would have expected businesses to stay away from investing. But, of course, the data doesn’t agree. The third remarkable data is on private final consumption expenditure (PFCE), which shows what happens to the consumption of private individuals in the economy, as against the government. Again, this variable has shot up by 10% in Q3 FY17, much against any theoretical understanding or anecdotal evidence that is available. Please click here to read more.