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


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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


        trigger_error($message, E_USER_DEPRECATED);

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

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

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        LATEST NEWS UPDATES | In variance with the official growth story -R Nagaraj    </title>
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-The Hindu

Surveys, including the recently leaked one on consumer expenditure, point to the economy&rsquo;s dire state

How fast has India grown lately? And, what are the yardsticks on which the country&rsquo;s performance is being measured? These have remained contentious questions. Following..."/>
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-The Hindu

Surveys, including the recently leaked one on consumer expenditure, point to the economy&rsquo;s dire state

How fast has India grown lately? And, what are the yardsticks on which the country&rsquo;s performance is being measured? These have remained contentious questions. Following..." />
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                            <div align="justify">-The Hindu<br /><br /><em>Surveys, including the recently leaked one on consumer expenditure, point to the economy&rsquo;s dire state<br /></em><br />How fast has India grown lately? And, what are the yardsticks on which the country&rsquo;s performance is being measured? These have remained contentious questions. Following the last decade&rsquo;s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success was based on a consumption-led growth model, as against investment-led growth in the previous decade.<br /><br />In early 2015, the Central Statistics Office (CSO) released a new series of National Accounts with the base year of 2011-2012, replacing the earlier series with 2004-2005 as the base year. This is a routine exercise for any statistical office. Surprisingly, however, the annual GDP growth rates were distinctly higher in the new series compared to the old series: the growth rate for 2013-2014 went up sharply from 4.8% in the old series to 6.2% in the new series. Similarly, the manufacturing sector growth rate for 2013-2014 moved up from (-)0.7% to (+)5.3%. The revised estimates drew widespread scepticism as they were out of line with economic correlates, such as bank credit growth, industrial capacity utilisation and growth in fixed investments, all of which showed a downward trend.<br /><br />Please <a href="https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsBTqf3Pjh3dgB5sVNfrE" title="https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsBTqf3Pjh3dgB5sVNfrE">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsB" class="re" target="_blank">The Hindu, 21 November, 2019, https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsB</a><div class="clear"></div>
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        LATEST NEWS UPDATES | In variance with the official growth story -R Nagaraj    </title>
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-The Hindu

Surveys, including the recently leaked one on consumer expenditure, point to the economy&rsquo;s dire state

How fast has India grown lately? And, what are the yardsticks on which the country&rsquo;s performance is being measured? These have remained contentious questions. Following..."/>
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Surveys, including the recently leaked one on consumer expenditure, point to the economy&rsquo;s dire state

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                            <div align="justify">-The Hindu<br /><br /><em>Surveys, including the recently leaked one on consumer expenditure, point to the economy&rsquo;s dire state<br /></em><br />How fast has India grown lately? And, what are the yardsticks on which the country&rsquo;s performance is being measured? These have remained contentious questions. Following the last decade&rsquo;s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success was based on a consumption-led growth model, as against investment-led growth in the previous decade.<br /><br />In early 2015, the Central Statistics Office (CSO) released a new series of National Accounts with the base year of 2011-2012, replacing the earlier series with 2004-2005 as the base year. This is a routine exercise for any statistical office. Surprisingly, however, the annual GDP growth rates were distinctly higher in the new series compared to the old series: the growth rate for 2013-2014 went up sharply from 4.8% in the old series to 6.2% in the new series. Similarly, the manufacturing sector growth rate for 2013-2014 moved up from (-)0.7% to (+)5.3%. The revised estimates drew widespread scepticism as they were out of line with economic correlates, such as bank credit growth, industrial capacity utilisation and growth in fixed investments, all of which showed a downward trend.<br /><br />Please <a href="https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsBTqf3Pjh3dgB5sVNfrE" title="https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsBTqf3Pjh3dgB5sVNfrE">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsB" class="re" target="_blank">The Hindu, 21 November, 2019, https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsB</a><div class="clear"></div>
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        LATEST NEWS UPDATES | In variance with the official growth story -R Nagaraj    </title>
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-The Hindu

Surveys, including the recently leaked one on consumer expenditure, point to the economy&rsquo;s dire state

How fast has India grown lately? And, what are the yardsticks on which the country&rsquo;s performance is being measured? These have remained contentious questions. Following..."/>
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-The Hindu

Surveys, including the recently leaked one on consumer expenditure, point to the economy&rsquo;s dire state

How fast has India grown lately? And, what are the yardsticks on which the country&rsquo;s performance is being measured? These have remained contentious questions. Following..." />
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    <h1 class="cat-box-title">In variance with the official growth story -R Nagaraj</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Surveys, including the recently leaked one on consumer expenditure, point to the economy&rsquo;s dire state<br /></em><br />How fast has India grown lately? And, what are the yardsticks on which the country&rsquo;s performance is being measured? These have remained contentious questions. Following the last decade&rsquo;s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success was based on a consumption-led growth model, as against investment-led growth in the previous decade.<br /><br />In early 2015, the Central Statistics Office (CSO) released a new series of National Accounts with the base year of 2011-2012, replacing the earlier series with 2004-2005 as the base year. This is a routine exercise for any statistical office. Surprisingly, however, the annual GDP growth rates were distinctly higher in the new series compared to the old series: the growth rate for 2013-2014 went up sharply from 4.8% in the old series to 6.2% in the new series. Similarly, the manufacturing sector growth rate for 2013-2014 moved up from (-)0.7% to (+)5.3%. The revised estimates drew widespread scepticism as they were out of line with economic correlates, such as bank credit growth, industrial capacity utilisation and growth in fixed investments, all of which showed a downward trend.<br /><br />Please <a href="https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsBTqf3Pjh3dgB5sVNfrE" title="https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsBTqf3Pjh3dgB5sVNfrE">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsB" class="re" target="_blank">The Hindu, 21 November, 2019, https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&amp;fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsB</a><div class="clear"></div>
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In variance with the official growth story -R Nagaraj

Published on Nov 22, 2019   Modified on Nov 22, 2019

-The Hindu Surveys, including the recently leaked one on consumer expenditure, point to the economy’s dire state How fast has India grown lately? And, what are the yardsticks on which the country’s performance is being measured? These have remained contentious questions. Following the last decade’s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success was based on a consumption-led growth model, as against investment-led growth in the previous decade. In early 2015, the Central Statistics Office (CSO) released a new series of National Accounts with the base year of 2011-2012, replacing the earlier series with 2004-2005 as the base year. This is a routine exercise for any statistical office. Surprisingly, however, the annual GDP growth rates were distinctly higher in the new series compared to the old series: the growth rate for 2013-2014 went up sharply from 4.8% in the old series to 6.2% in the new series. Similarly, the manufacturing sector growth rate for 2013-2014 moved up from (-)0.7% to (+)5.3%. The revised estimates drew widespread scepticism as they were out of line with economic correlates, such as bank credit growth, industrial capacity utilisation and growth in fixed investments, all of which showed a downward trend. Please click here to read more.

The Hindu, 21 November, 2019, https://www.thehindu.com/opinion/op-ed/in-variance-with-the-official-growth-story/article30030000.ece?homepage=true&fbclid=IwAR1jbt-xGWPr-oKokhSaL6GroHFeGsbMp5kw4XjsB

Tagged with: Ministry of Statistics and Programme Implementation Central Statistics Office CSO Periodic Labour Force Survey PLFS Economic Growth

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