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/harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303/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/harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303/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('cakeErr6800c57c35837-trace').style.display = (document.getElementById('cakeErr6800c57c35837-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="cakeErr6800c57c35837-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800c57c35837-code').style.display = (document.getElementById('cakeErr6800c57c35837-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr6800c57c35837-context').style.display = (document.getElementById('cakeErr6800c57c35837-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr6800c57c35837-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="cakeErr6800c57c35837-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) 33215, 'title' => 'Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha', 'subheading' => '', 'description' => '<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">click here</a> to read more. <br /> </div>', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4681303, '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) 33215, 'metaTitle' => 'LATEST NEWS UPDATES | Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha', 'metaKeywords' => 'Demonetisation,GDP estimates,GDP growth,GDP growth rate,Central Statistics Office (CSO)', 'metaDesc' => ' -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...', 'disp' => '<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>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 33215, 'title' => 'Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha', 'subheading' => '', 'description' => '<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">click here</a> to read more. <br /> </div>', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4681303, '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) {}, (int) 4 => 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) 33215 $metaTitle = 'LATEST NEWS UPDATES | Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha' $metaKeywords = 'Demonetisation,GDP estimates,GDP growth,GDP growth rate,Central Statistics Office (CSO)' $metaDesc = ' -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...' $disp = '<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>' $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/harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303.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 | Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha | Im4change.org</title> <meta name="description" content=" -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..."/> <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>Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <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> </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. 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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">click here</a> to read more. <br /> </div>', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4681303, '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) 33215, 'metaTitle' => 'LATEST NEWS UPDATES | Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha', 'metaKeywords' => 'Demonetisation,GDP estimates,GDP growth,GDP growth rate,Central Statistics Office (CSO)', 'metaDesc' => ' -The Economic Times The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. 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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. 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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">click here</a> to read more. <br /> </div>', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4681303, '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) {}, (int) 4 => 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) 33215 $metaTitle = 'LATEST NEWS UPDATES | Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha' $metaKeywords = 'Demonetisation,GDP estimates,GDP growth,GDP growth rate,Central Statistics Office (CSO)' $metaDesc = ' -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...' $disp = '<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>' $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/harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303.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 | Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha | Im4change.org</title> <meta name="description" content=" -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..."/> <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>Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <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> </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 ?? 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Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320...', 'disp' => '<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>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 33215, 'title' => 'Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha', 'subheading' => '', 'description' => '<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">click here</a> to read more. <br /> </div>', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4681303, '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) {}, (int) 4 => 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) 33215 $metaTitle = 'LATEST NEWS UPDATES | Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha' $metaKeywords = 'Demonetisation,GDP estimates,GDP growth,GDP growth rate,Central Statistics Office (CSO)' $metaDesc = ' -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...' $disp = '<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>' $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/harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303.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 | Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha | Im4change.org</title> <meta name="description" content=" -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..."/> <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>Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <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> </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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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">click here</a> to read more. <br /> </div>', 'credit_writer' => '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', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'harvardian-estimates-not-wrong-cash-ban-cut-rs-1-2-lakh-crore-from-nominal-gdp-dhananjay-sinha-4681303', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4681303, '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) 33215, 'metaTitle' => 'LATEST NEWS UPDATES | Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha', 'metaKeywords' => 'Demonetisation,GDP estimates,GDP growth,GDP growth rate,Central Statistics Office (CSO)', 'metaDesc' => ' -The Economic Times The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. 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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>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 33215, 'title' => 'Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha', 'subheading' => '', 'description' => '<div align="justify"> -The Economic Times<br /> <br /> The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. 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Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320...' $disp = '<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>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha |
-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. |