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


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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


        trigger_error($message, E_USER_DEPRECATED);

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

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

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        LATEST NEWS UPDATES | Reality check: on govt projecting slower GDP growth    </title>
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-The Hindu

Misplaced optimism needs to cede ground to tangible policy interventions

The government&rsquo;s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO)..."/>
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-The Hindu

Misplaced optimism needs to cede ground to tangible policy interventions

The government&rsquo;s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO)..." />
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                            <div align="justify">-The Hindu<br /><br /><em>Misplaced optimism needs to cede ground to tangible policy interventions<br /></em><br />The government&rsquo;s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic Product (GDP) will expand by 5% in the 12-month period, in line with the Reserve Bank of India&rsquo;s sharp downward revision last month in its full-year growth forecast &mdash; from 6.1% projected earlier, to 5%. The NSO&rsquo;s estimate is a full 2 percentage points lower than the 7% figure that the Economic Survey had projected on the eve of the newly elected government&rsquo;s annual Budget in July, reflecting the continued sharp slide in momentum. However, disconcertingly, even the latest growth assumption appears grounded more on optimism than on real hard data. Given that the pace of growth slumped to a six-and-a-half year low of 4.5% in the second quarter, thus dragging the first half&rsquo;s expansion to 4.8%, the statistics office&rsquo;s projection for the full year assumes that the economy will expand by a healthier 5.2% pace in the October-March six-month period. It is this premise that is hard to square with all the macro-economic data available so far, as well as the assumed estimates for the key expenditure components that together total up to the overall GDP. Take for instance the very cornerstone of demand in the economy, private consumption expenditure, the NSO&rsquo;s projection assumes that consumers would go out and spend an additional Rs.4.77 lakh crore, or almost 12% more, in the second half, than what they had spent in the preceding six months. Not only do most high-frequency indicators, including automobile sales, belie this assumption, even the RBI&rsquo;s consumer confidence survey points to a decline in non-essential consumption compared to a year ago.<br /><br />Please <a href="https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true" title="https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true" class="re" target="_blank">The Hindu, 9 January, 2020, https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true</a><div class="clear"></div>
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Misplaced optimism needs to cede ground to tangible policy interventions

The government&rsquo;s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO)..."/>
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Misplaced optimism needs to cede ground to tangible policy interventions

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                            <div align="justify">-The Hindu<br /><br /><em>Misplaced optimism needs to cede ground to tangible policy interventions<br /></em><br />The government&rsquo;s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic Product (GDP) will expand by 5% in the 12-month period, in line with the Reserve Bank of India&rsquo;s sharp downward revision last month in its full-year growth forecast &mdash; from 6.1% projected earlier, to 5%. The NSO&rsquo;s estimate is a full 2 percentage points lower than the 7% figure that the Economic Survey had projected on the eve of the newly elected government&rsquo;s annual Budget in July, reflecting the continued sharp slide in momentum. However, disconcertingly, even the latest growth assumption appears grounded more on optimism than on real hard data. Given that the pace of growth slumped to a six-and-a-half year low of 4.5% in the second quarter, thus dragging the first half&rsquo;s expansion to 4.8%, the statistics office&rsquo;s projection for the full year assumes that the economy will expand by a healthier 5.2% pace in the October-March six-month period. It is this premise that is hard to square with all the macro-economic data available so far, as well as the assumed estimates for the key expenditure components that together total up to the overall GDP. Take for instance the very cornerstone of demand in the economy, private consumption expenditure, the NSO&rsquo;s projection assumes that consumers would go out and spend an additional Rs.4.77 lakh crore, or almost 12% more, in the second half, than what they had spent in the preceding six months. Not only do most high-frequency indicators, including automobile sales, belie this assumption, even the RBI&rsquo;s consumer confidence survey points to a decline in non-essential consumption compared to a year ago.<br /><br />Please <a href="https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true" title="https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true" class="re" target="_blank">The Hindu, 9 January, 2020, https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true</a><div class="clear"></div>
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-The Hindu

Misplaced optimism needs to cede ground to tangible policy interventions

The government&rsquo;s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO)..." />
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    <h1 class="cat-box-title">Reality check: on govt projecting slower GDP growth</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Misplaced optimism needs to cede ground to tangible policy interventions<br /></em><br />The government&rsquo;s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic Product (GDP) will expand by 5% in the 12-month period, in line with the Reserve Bank of India&rsquo;s sharp downward revision last month in its full-year growth forecast &mdash; from 6.1% projected earlier, to 5%. The NSO&rsquo;s estimate is a full 2 percentage points lower than the 7% figure that the Economic Survey had projected on the eve of the newly elected government&rsquo;s annual Budget in July, reflecting the continued sharp slide in momentum. However, disconcertingly, even the latest growth assumption appears grounded more on optimism than on real hard data. Given that the pace of growth slumped to a six-and-a-half year low of 4.5% in the second quarter, thus dragging the first half&rsquo;s expansion to 4.8%, the statistics office&rsquo;s projection for the full year assumes that the economy will expand by a healthier 5.2% pace in the October-March six-month period. It is this premise that is hard to square with all the macro-economic data available so far, as well as the assumed estimates for the key expenditure components that together total up to the overall GDP. Take for instance the very cornerstone of demand in the economy, private consumption expenditure, the NSO&rsquo;s projection assumes that consumers would go out and spend an additional Rs.4.77 lakh crore, or almost 12% more, in the second half, than what they had spent in the preceding six months. Not only do most high-frequency indicators, including automobile sales, belie this assumption, even the RBI&rsquo;s consumer confidence survey points to a decline in non-essential consumption compared to a year ago.<br /><br />Please <a href="https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true" title="https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true" class="re" target="_blank">The Hindu, 9 January, 2020, https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true</a><div class="clear"></div>
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Home हिन्दी

Reality check: on govt projecting slower GDP growth

Published on Jan 9, 2020   Modified on Jan 9, 2020

-The Hindu Misplaced optimism needs to cede ground to tangible policy interventions The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic Product (GDP) will expand by 5% in the 12-month period, in line with the Reserve Bank of India’s sharp downward revision last month in its full-year growth forecast — from 6.1% projected earlier, to 5%. The NSO’s estimate is a full 2 percentage points lower than the 7% figure that the Economic Survey had projected on the eve of the newly elected government’s annual Budget in July, reflecting the continued sharp slide in momentum. However, disconcertingly, even the latest growth assumption appears grounded more on optimism than on real hard data. Given that the pace of growth slumped to a six-and-a-half year low of 4.5% in the second quarter, thus dragging the first half’s expansion to 4.8%, the statistics office’s projection for the full year assumes that the economy will expand by a healthier 5.2% pace in the October-March six-month period. It is this premise that is hard to square with all the macro-economic data available so far, as well as the assumed estimates for the key expenditure components that together total up to the overall GDP. Take for instance the very cornerstone of demand in the economy, private consumption expenditure, the NSO’s projection assumes that consumers would go out and spend an additional Rs.4.77 lakh crore, or almost 12% more, in the second half, than what they had spent in the preceding six months. Not only do most high-frequency indicators, including automobile sales, belie this assumption, even the RBI’s consumer confidence survey points to a decline in non-essential consumption compared to a year ago. Please click here to read more.

The Hindu, 9 January, 2020, https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true

Tagged with: Ministry of Statistics and Programme Implementation National Statistical Office gross value added Gross Domestic Product gva GVA estimation GDP Back-series GDP estimates GDP growth MoSPI

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