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/plunging-down-prabhat-patnaik/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/plunging-down-prabhat-patnaik/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/plunging-down-prabhat-patnaik/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/plunging-down-prabhat-patnaik/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('cakeErr67f75d2818d2e-trace').style.display = (document.getElementById('cakeErr67f75d2818d2e-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="cakeErr67f75d2818d2e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f75d2818d2e-code').style.display = (document.getElementById('cakeErr67f75d2818d2e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f75d2818d2e-context').style.display = (document.getElementById('cakeErr67f75d2818d2e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f75d2818d2e-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="cakeErr67f75d2818d2e-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) 57829, 'title' => 'Plunging down -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-The Telegraph</p> <p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p> <p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p> <p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p> <p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p> <p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p> ', 'credit_writer' => 'The Telegraph, 9 December, 2020, https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'plunging-down-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, '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) 57829, 'metaTitle' => 'LATEST NEWS UPDATES | Plunging down -Prabhat Patnaik', 'metaKeywords' => 'GDP Growth,Economic Growth,Private Consumption,Private Investment,Government Expenditure,GFCF,Gross Fixed Capital Formation,Fiscal Responsibility and Budget Management Act,FRBM Act', 'metaDesc' => '-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the...', 'disp' => '<p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p><p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p><p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p><p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY" title="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 57829, 'title' => 'Plunging down -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-The Telegraph</p> <p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p> <p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p> <p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p> <p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p> <p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p> ', 'credit_writer' => 'The Telegraph, 9 December, 2020, https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'plunging-down-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, '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) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => 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) 57829 $metaTitle = 'LATEST NEWS UPDATES | Plunging down -Prabhat Patnaik' $metaKeywords = 'GDP Growth,Economic Growth,Private Consumption,Private Investment,Government Expenditure,GFCF,Gross Fixed Capital Formation,Fiscal Responsibility and Budget Management Act,FRBM Act' $metaDesc = '-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the...' $disp = '<p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p><p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p><p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p><p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY" title="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p>' $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/plunging-down-prabhat-patnaik.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 | Plunging down -Prabhat Patnaik | Im4change.org</title> <meta name="description" content="-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the..."/> <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>Plunging down -Prabhat Patnaik</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p><p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as “good news”; on the contrary, they show the economy being stuck in a quagmire.</p><p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more — by 11.32 per cent — which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p><p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY" title="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p> </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 $message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]Code Context$response->getStatusCode(),
($reasonPhrase ? ' ' . $reasonPhrase : '')
));
$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('cakeErr67f75d2818d2e-trace').style.display = (document.getElementById('cakeErr67f75d2818d2e-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="cakeErr67f75d2818d2e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f75d2818d2e-code').style.display = (document.getElementById('cakeErr67f75d2818d2e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f75d2818d2e-context').style.display = (document.getElementById('cakeErr67f75d2818d2e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f75d2818d2e-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="cakeErr67f75d2818d2e-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) 57829, 'title' => 'Plunging down -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-The Telegraph</p> <p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p> <p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p> <p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p> <p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p> <p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p> ', 'credit_writer' => 'The Telegraph, 9 December, 2020, https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'plunging-down-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, '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) 57829, 'metaTitle' => 'LATEST NEWS UPDATES | Plunging down -Prabhat Patnaik', 'metaKeywords' => 'GDP Growth,Economic Growth,Private Consumption,Private Investment,Government Expenditure,GFCF,Gross Fixed Capital Formation,Fiscal Responsibility and Budget Management Act,FRBM Act', 'metaDesc' => '-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the...', 'disp' => '<p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p><p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p><p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p><p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY" title="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 57829, 'title' => 'Plunging down -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-The Telegraph</p> <p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p> <p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p> <p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p> <p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p> <p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p> ', 'credit_writer' => 'The Telegraph, 9 December, 2020, https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'plunging-down-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, '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) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => 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) 57829 $metaTitle = 'LATEST NEWS UPDATES | Plunging down -Prabhat Patnaik' $metaKeywords = 'GDP Growth,Economic Growth,Private Consumption,Private Investment,Government Expenditure,GFCF,Gross Fixed Capital Formation,Fiscal Responsibility and Budget Management Act,FRBM Act' $metaDesc = '-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the...' $disp = '<p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p><p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p><p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p><p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY" title="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p>' $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/plunging-down-prabhat-patnaik.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 | Plunging down -Prabhat Patnaik | Im4change.org</title> <meta name="description" content="-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the..."/> <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>Plunging down -Prabhat Patnaik</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p><p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as “good news”; on the contrary, they show the economy being stuck in a quagmire.</p><p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more — by 11.32 per cent — which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p><p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY" title="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p> </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>' } $reasonPhrase = 'OK'header - [internal], line ?? Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]Code Context$value
), $first);
$first = false;
$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('cakeErr67f75d2818d2e-trace').style.display = (document.getElementById('cakeErr67f75d2818d2e-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="cakeErr67f75d2818d2e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f75d2818d2e-code').style.display = (document.getElementById('cakeErr67f75d2818d2e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f75d2818d2e-context').style.display = (document.getElementById('cakeErr67f75d2818d2e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f75d2818d2e-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="cakeErr67f75d2818d2e-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) 57829, 'title' => 'Plunging down -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-The Telegraph</p> <p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p> <p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p> <p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p> <p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p> <p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p> ', 'credit_writer' => 'The Telegraph, 9 December, 2020, https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'plunging-down-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, '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) 57829, 'metaTitle' => 'LATEST NEWS UPDATES | Plunging down -Prabhat Patnaik', 'metaKeywords' => 'GDP Growth,Economic Growth,Private Consumption,Private Investment,Government Expenditure,GFCF,Gross Fixed Capital Formation,Fiscal Responsibility and Budget Management Act,FRBM Act', 'metaDesc' => '-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the...', 'disp' => '<p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p><p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p><p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p><p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY" title="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 57829, 'title' => 'Plunging down -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-The Telegraph</p> <p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p> <p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p> <p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p> <p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p> <p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p> ', 'credit_writer' => 'The Telegraph, 9 December, 2020, https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'plunging-down-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, '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) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => 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) 57829 $metaTitle = 'LATEST NEWS UPDATES | Plunging down -Prabhat Patnaik' $metaKeywords = 'GDP Growth,Economic Growth,Private Consumption,Private Investment,Government Expenditure,GFCF,Gross Fixed Capital Formation,Fiscal Responsibility and Budget Management Act,FRBM Act' $metaDesc = '-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the...' $disp = '<p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p><p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by &ldquo;only&rdquo; 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as &ldquo;good news&rdquo;; on the contrary, they show the economy being stuck in a quagmire.</p><p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more &mdash; by 11.32 per cent &mdash; which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p><p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY" title="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p>' $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/plunging-down-prabhat-patnaik.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 | Plunging down -Prabhat Patnaik | Im4change.org</title> <meta name="description" content="-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the..."/> <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>Plunging down -Prabhat Patnaik</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p><p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as “good news”; on the contrary, they show the economy being stuck in a quagmire.</p><p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more — by 11.32 per cent — which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p><p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY" title="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p> </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 ?? Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
<head>
<link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 57829, 'title' => 'Plunging down -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-The Telegraph</p> <p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p> <p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as “good news”; on the contrary, they show the economy being stuck in a quagmire.</p> <p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more — by 11.32 per cent — which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p> <p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p> <p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p> ', 'credit_writer' => 'The Telegraph, 9 December, 2020, https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'plunging-down-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, '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) 57829, 'metaTitle' => 'LATEST NEWS UPDATES | Plunging down -Prabhat Patnaik', 'metaKeywords' => 'GDP Growth,Economic Growth,Private Consumption,Private Investment,Government Expenditure,GFCF,Gross Fixed Capital Formation,Fiscal Responsibility and Budget Management Act,FRBM Act', 'metaDesc' => '-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the...', 'disp' => '<p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p><p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as “good news”; on the contrary, they show the economy being stuck in a quagmire.</p><p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more — by 11.32 per cent — which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p><p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY" title="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 57829, 'title' => 'Plunging down -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-The Telegraph</p> <p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p> <p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as “good news”; on the contrary, they show the economy being stuck in a quagmire.</p> <p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more — by 11.32 per cent — which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p> <p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p> <p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p> ', 'credit_writer' => 'The Telegraph, 9 December, 2020, https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'plunging-down-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, '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) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {}, (int) 7 => object(Cake\ORM\Entity) {}, (int) 8 => 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) 57829 $metaTitle = 'LATEST NEWS UPDATES | Plunging down -Prabhat Patnaik' $metaKeywords = 'GDP Growth,Economic Growth,Private Consumption,Private Investment,Government Expenditure,GFCF,Gross Fixed Capital Formation,Fiscal Responsibility and Budget Management Act,FRBM Act' $metaDesc = '-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the...' $disp = '<p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The Indian economy is in a quagmire</em></p><p style="text-align:justify">Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as “good news”; on the contrary, they show the economy being stuck in a quagmire.</p><p style="text-align:justify">The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more — by 11.32 per cent — which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago.</p><p style="text-align:justify">This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY" title="https://www.telegraphindia.com/opinion/plunging-down-the-indian-economy-is-in-a-quagmire/cid/1799921?fbclid=IwAR1Yw5EwIrq9JK6RggByp3tMcieQPDwioviWgJ3ks0XGW4s-vJUaJ5bVIPY">click here</a> to read more.</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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
![]() |
Plunging down -Prabhat Patnaik |
-The Telegraph The Indian economy is in a quagmire Data released by the National Statistical Office, which show the gross domestic product for the second quarter (July-September) of 2020-21 declining by “only” 7.5 per cent compared to the second quarter of the previous year, have been hailed in official circles as “good news”; on the contrary, they show the economy being stuck in a quagmire. The first point to note is that while GDP declined by 7.5 per cent, private consumption in real terms fell by even more — by 11.32 per cent — which means that the share of consumption in GDP was lower compared to a year ago. Exactly the same is also true of the first quarter of 2020-21, so that during the entire first half of the current year private consumption has fallen more than the GDP compared to a year ago. This seems strange. When income falls people do not lower their consumption proportionately. They run down cash reserves, or borrow, in order to maintain their consumption to whatever extent possible. The ratio of private consumption to GDP, therefore, is normally expected to increase when GDP falls. The fact that the opposite has happened and the ratio of private consumption to GDP has fallen suggests that the incomes of the working people must have fallen even more than GDP in this period, so that despite running down cash reserves and borrowing, they still could not maintain the share of private consumption in GDP. Please click here to read more. |