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\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
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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\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: 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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha    </title>
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-The Economic Times

The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320..."/>
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The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320..." />
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    <h1 class="cat-box-title">Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha</h1>
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                            <div align="justify">-The Economic Times<br /><br />The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320 bp on a year-on-year and sequential basis, respectively.<br /><br />The 7 per cent real GDP growth print for Q3FY17 released by the CSO on Tuesday gives an impression that the demonetisation shock did not have any impact on the economy. It has prompted many to conclude that the earlier grim assessment by many analysts may have been an over-reaction, with a critical bias on the entire demonetisation exercise.<br /><br />The 7 per cent real growth is only modestly lower than 7.4 per cent in Q2 and somewhat higher than 6.9 per cent a year back. Growth in real gross value added (GVA), which now represents the activity-based GDP, grew at 6.7 per cent in Q3 compared with 6.7 per cent in Q2 and 8.2 per cent a year back.<br /><br />While the new GDP series (base year 2011-12) has been an enigma since its inception, as it estimates growth numbers much higher than indicated by most industry-level leading indicators, the Q3 release has compounded the puzzle even more.<br /><br />For instance, how can the economy grow at 12 per cent and 7 per cent in nominal and real terms, respectively, when the lending growth of banks has declined to a 60-year low of 5 per cent. Interestingly, the economy has also grown at this rapid pace with sustained absence of investments over the past 6-7 years, slowing trade, decelerating IT sector, while real estate construction remains in limbo for more than three years and without much job creation. <br /><br />Please <a href="http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr" title="http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr" class="re" target="_blank">The Economic Times, 2 March, 2017, http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr</a><div class="clear"></div>
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                            <div align="justify">-The Economic Times<br /><br />The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320 bp on a year-on-year and sequential basis, respectively.<br /><br />The 7 per cent real GDP growth print for Q3FY17 released by the CSO on Tuesday gives an impression that the demonetisation shock did not have any impact on the economy. It has prompted many to conclude that the earlier grim assessment by many analysts may have been an over-reaction, with a critical bias on the entire demonetisation exercise.<br /><br />The 7 per cent real growth is only modestly lower than 7.4 per cent in Q2 and somewhat higher than 6.9 per cent a year back. Growth in real gross value added (GVA), which now represents the activity-based GDP, grew at 6.7 per cent in Q3 compared with 6.7 per cent in Q2 and 8.2 per cent a year back.<br /><br />While the new GDP series (base year 2011-12) has been an enigma since its inception, as it estimates growth numbers much higher than indicated by most industry-level leading indicators, the Q3 release has compounded the puzzle even more.<br /><br />For instance, how can the economy grow at 12 per cent and 7 per cent in nominal and real terms, respectively, when the lending growth of banks has declined to a 60-year low of 5 per cent. Interestingly, the economy has also grown at this rapid pace with sustained absence of investments over the past 6-7 years, slowing trade, decelerating IT sector, while real estate construction remains in limbo for more than three years and without much job creation. <br /><br />Please <a href="http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr" title="http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr" class="re" target="_blank">The Economic Times, 2 March, 2017, http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr</a><div class="clear"></div>
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The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320..." />
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    <h1 class="cat-box-title">Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha</h1>
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                            <div align="justify">-The Economic Times<br /><br />The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320 bp on a year-on-year and sequential basis, respectively.<br /><br />The 7 per cent real GDP growth print for Q3FY17 released by the CSO on Tuesday gives an impression that the demonetisation shock did not have any impact on the economy. It has prompted many to conclude that the earlier grim assessment by many analysts may have been an over-reaction, with a critical bias on the entire demonetisation exercise.<br /><br />The 7 per cent real growth is only modestly lower than 7.4 per cent in Q2 and somewhat higher than 6.9 per cent a year back. Growth in real gross value added (GVA), which now represents the activity-based GDP, grew at 6.7 per cent in Q3 compared with 6.7 per cent in Q2 and 8.2 per cent a year back.<br /><br />While the new GDP series (base year 2011-12) has been an enigma since its inception, as it estimates growth numbers much higher than indicated by most industry-level leading indicators, the Q3 release has compounded the puzzle even more.<br /><br />For instance, how can the economy grow at 12 per cent and 7 per cent in nominal and real terms, respectively, when the lending growth of banks has declined to a 60-year low of 5 per cent. Interestingly, the economy has also grown at this rapid pace with sustained absence of investments over the past 6-7 years, slowing trade, decelerating IT sector, while real estate construction remains in limbo for more than three years and without much job creation. <br /><br />Please <a href="http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr" title="http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr" class="re" target="_blank">The Economic Times, 2 March, 2017, http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr</a><div class="clear"></div>
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Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha

Published on Mar 2, 2017   Modified on Mar 2, 2017

-The Economic Times The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320 bp on a year-on-year and sequential basis, respectively. The 7 per cent real GDP growth print for Q3FY17 released by the CSO on Tuesday gives an impression that the demonetisation shock did not have any impact on the economy. It has prompted many to conclude that the earlier grim assessment by many analysts may have been an over-reaction, with a critical bias on the entire demonetisation exercise. The 7 per cent real growth is only modestly lower than 7.4 per cent in Q2 and somewhat higher than 6.9 per cent a year back. Growth in real gross value added (GVA), which now represents the activity-based GDP, grew at 6.7 per cent in Q3 compared with 6.7 per cent in Q2 and 8.2 per cent a year back. While the new GDP series (base year 2011-12) has been an enigma since its inception, as it estimates growth numbers much higher than indicated by most industry-level leading indicators, the Q3 release has compounded the puzzle even more. For instance, how can the economy grow at 12 per cent and 7 per cent in nominal and real terms, respectively, when the lending growth of banks has declined to a 60-year low of 5 per cent. Interestingly, the economy has also grown at this rapid pace with sustained absence of investments over the past 6-7 years, slowing trade, decelerating IT sector, while real estate construction remains in limbo for more than three years and without much job creation. Please click here to read more.

The Economic Times, 2 March, 2017, http://economictimes.indiatimes.com/markets/stocks/news/harvard-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp/articleshow/57424014.cms?from=mdr

Tagged with: Demonetisation GDP estimates GDP growth GDP growth rate Central Statistics Office (CSO)

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• Despite insipid manufacturing show, India’s GDP to grow 7% this fiscal: NSO -Vikas Dhoot
• Demonetisation: Not bad in law, says Supreme Court in 4:1 verdict
• SC asks RBI to provide quorum details of its Central Board meeting that recommended demonetisation - Srishti Ojha
• Hardships faced can’t be seen as shortfall of demonetisation: Centre to SC -Abraham Thomas
• What Centre Told Supreme Court On Pleas Challenging Demonetisation

 

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