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);

    }
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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::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 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);

    }
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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::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 Context
            if (Configure::read('debug')) {

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		&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &amp;ldquo;speed limit&amp;rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&amp;rsquo;s GDP statistics, exemplified by last week&amp;rsquo;s 4Q20 print.&lt;/p&gt;

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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;iframe allow=&quot;accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture&quot; allowfullscreen=&quot;&quot; frameborder=&quot;0&quot; height=&quot;360&quot; src=&quot;https://www.youtube.com/embed/Hoj4RybVHHg&quot; title=&quot;YouTube video player&quot; width=&quot;640&quot;&gt;&lt;/iframe&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &amp;ldquo;seasonality&amp;rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
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With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms

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&lt;p style=&quot;text-align:justify&quot;&gt;Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &amp;ldquo;speed limit&amp;rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&amp;rsquo;s GDP statistics, exemplified by last week&amp;rsquo;s 4Q20 print.&lt;/p&gt;

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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;

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&lt;p style=&quot;text-align:justify&quot;&gt;Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &amp;ldquo;seasonality&amp;rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
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With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms

Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &amp;ldquo;speed limit&amp;rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&amp;rsquo;s GDP statistics, exemplified by last week&amp;rsquo;s 4Q20 print.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The CSO press release stated that India grew 0.4 per cent on a year-ago basis, that is, relative to the level of GDP four quarters before. Many heaved a sigh of relief at growth turning positive after two quarters of negative year-ago prints (-24.4 per cent in 2Q20 and -7.3 per cent in 3Q20) and declared that growth would accelerate from hereon as mobility increased and the fiscal policy support started to bite.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;iframe allow=&quot;accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture&quot; allowfullscreen=&quot;&quot; frameborder=&quot;0&quot; height=&quot;360&quot; src=&quot;https://www.youtube.com/embed/Hoj4RybVHHg&quot; title=&quot;YouTube video player&quot; width=&quot;640&quot;&gt;&lt;/iframe&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &amp;ldquo;seasonality&amp;rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot; title=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;
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With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms

Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours..."/>
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                <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms</em></p><p style="text-align:justify">Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &ldquo;speed limit&rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&rsquo;s GDP statistics, exemplified by last week&rsquo;s 4Q20 print.</p><p style="text-align:justify">The CSO press release stated that India grew 0.4 per cent on a year-ago basis, that is, relative to the level of GDP four quarters before. Many heaved a sigh of relief at growth turning positive after two quarters of negative year-ago prints (-24.4 per cent in 2Q20 and -7.3 per cent in 3Q20) and declared that growth would accelerate from hereon as mobility increased and the fiscal policy support started to bite.</p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="360" src="https://www.youtube.com/embed/Hoj4RybVHHg" title="YouTube video player" width="640"></iframe></p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify">Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &ldquo;seasonality&rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/" title="https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/">click here</a> to read more.&nbsp;</p>               </font>
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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;

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&lt;p style=&quot;text-align:justify&quot;&gt;Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &amp;ldquo;seasonality&amp;rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
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With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms

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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;

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&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
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With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms

Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &amp;ldquo;speed limit&amp;rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&amp;rsquo;s GDP statistics, exemplified by last week&amp;rsquo;s 4Q20 print.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The CSO press release stated that India grew 0.4 per cent on a year-ago basis, that is, relative to the level of GDP four quarters before. Many heaved a sigh of relief at growth turning positive after two quarters of negative year-ago prints (-24.4 per cent in 2Q20 and -7.3 per cent in 3Q20) and declared that growth would accelerate from hereon as mobility increased and the fiscal policy support started to bite.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;iframe allow=&quot;accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture&quot; allowfullscreen=&quot;&quot; frameborder=&quot;0&quot; height=&quot;360&quot; src=&quot;https://www.youtube.com/embed/Hoj4RybVHHg&quot; title=&quot;YouTube video player&quot; width=&quot;640&quot;&gt;&lt;/iframe&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &amp;ldquo;seasonality&amp;rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot; title=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;
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With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms

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                <strong>Recovery? Different numbers tell different stories -Jahangir Aziz</strong></h1>
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                <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms</em></p><p style="text-align:justify">Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &ldquo;speed limit&rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&rsquo;s GDP statistics, exemplified by last week&rsquo;s 4Q20 print.</p><p style="text-align:justify">The CSO press release stated that India grew 0.4 per cent on a year-ago basis, that is, relative to the level of GDP four quarters before. Many heaved a sigh of relief at growth turning positive after two quarters of negative year-ago prints (-24.4 per cent in 2Q20 and -7.3 per cent in 3Q20) and declared that growth would accelerate from hereon as mobility increased and the fiscal policy support started to bite.</p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="360" src="https://www.youtube.com/embed/Hoj4RybVHHg" title="YouTube video player" width="640"></iframe></p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify">Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &ldquo;seasonality&rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/" title="https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/">click here</a> to read more.&nbsp;</p>               </font>
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&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &amp;ldquo;speed limit&amp;rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&amp;rsquo;s GDP statistics, exemplified by last week&amp;rsquo;s 4Q20 print.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The CSO press release stated that India grew 0.4 per cent on a year-ago basis, that is, relative to the level of GDP four quarters before. Many heaved a sigh of relief at growth turning positive after two quarters of negative year-ago prints (-24.4 per cent in 2Q20 and -7.3 per cent in 3Q20) and declared that growth would accelerate from hereon as mobility increased and the fiscal policy support started to bite.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;

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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &amp;ldquo;seasonality&amp;rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
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With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms

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$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-The Indian Express&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &amp;ldquo;speed limit&amp;rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&amp;rsquo;s GDP statistics, exemplified by last week&amp;rsquo;s 4Q20 print.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The CSO press release stated that India grew 0.4 per cent on a year-ago basis, that is, relative to the level of GDP four quarters before. Many heaved a sigh of relief at growth turning positive after two quarters of negative year-ago prints (-24.4 per cent in 2Q20 and -7.3 per cent in 3Q20) and declared that growth would accelerate from hereon as mobility increased and the fiscal policy support started to bite.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;iframe allow=&quot;accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture&quot; allowfullscreen=&quot;&quot; frameborder=&quot;0&quot; height=&quot;360&quot; src=&quot;https://www.youtube.com/embed/Hoj4RybVHHg&quot; title=&quot;YouTube video player&quot; width=&quot;640&quot;&gt;&lt;/iframe&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;strong&gt;---&lt;/strong&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &amp;ldquo;seasonality&amp;rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot; title=&quot;https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;
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                <strong>Recovery? Different numbers tell different stories -Jahangir Aziz</strong></h1>
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                <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms</em></p><p style="text-align:justify">Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &ldquo;speed limit&rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&rsquo;s GDP statistics, exemplified by last week&rsquo;s 4Q20 print.</p><p style="text-align:justify">The CSO press release stated that India grew 0.4 per cent on a year-ago basis, that is, relative to the level of GDP four quarters before. Many heaved a sigh of relief at growth turning positive after two quarters of negative year-ago prints (-24.4 per cent in 2Q20 and -7.3 per cent in 3Q20) and declared that growth would accelerate from hereon as mobility increased and the fiscal policy support started to bite.</p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="360" src="https://www.youtube.com/embed/Hoj4RybVHHg" title="YouTube video player" width="640"></iframe></p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify">Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &ldquo;seasonality&rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/" title="https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/">click here</a> to read more.&nbsp;</p>               </font>
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<p style="text-align:justify"><em>With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms</em></p>

<p style="text-align:justify">Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &ldquo;speed limit&rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&rsquo;s GDP statistics, exemplified by last week&rsquo;s 4Q20 print.</p>

<p style="text-align:justify">The CSO press release stated that India grew 0.4 per cent on a year-ago basis, that is, relative to the level of GDP four quarters before. Many heaved a sigh of relief at growth turning positive after two quarters of negative year-ago prints (-24.4 per cent in 2Q20 and -7.3 per cent in 3Q20) and declared that growth would accelerate from hereon as mobility increased and the fiscal policy support started to bite.</p>

<p style="text-align:justify"><strong>---</strong></p>

<p style="text-align:justify"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="360" src="https://www.youtube.com/embed/Hoj4RybVHHg" title="YouTube video player" width="640"></iframe></p>

<p style="text-align:justify"><strong>---</strong></p>

<p style="text-align:justify">Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &ldquo;seasonality&rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.</p>

<p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/">click here</a> to read more.&nbsp;</p>
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With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms

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<p style="text-align:justify"><em>With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms</em></p>

<p style="text-align:justify">Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &ldquo;speed limit&rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&rsquo;s GDP statistics, exemplified by last week&rsquo;s 4Q20 print.</p>

<p style="text-align:justify">The CSO press release stated that India grew 0.4 per cent on a year-ago basis, that is, relative to the level of GDP four quarters before. Many heaved a sigh of relief at growth turning positive after two quarters of negative year-ago prints (-24.4 per cent in 2Q20 and -7.3 per cent in 3Q20) and declared that growth would accelerate from hereon as mobility increased and the fiscal policy support started to bite.</p>

<p style="text-align:justify"><strong>---</strong></p>

<p style="text-align:justify"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="360" src="https://www.youtube.com/embed/Hoj4RybVHHg" title="YouTube video player" width="640"></iframe></p>

<p style="text-align:justify"><strong>---</strong></p>

<p style="text-align:justify">Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &ldquo;seasonality&rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.</p>

<p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/">click here</a> to read more.&nbsp;</p>
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$metaTitle = 'LATEST NEWS UPDATES | Recovery? Different numbers tell different stories -Jahangir Aziz'
$metaKeywords = 'Economic Deceleration,Economic Recovery,GDP Growth,Q-o-Q,Quarter-on-Quarter,Y-o-Y,Year-on-Year'
$metaDesc = '-The Indian Express

With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms

Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours...'
$disp = '<p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms</em></p><p style="text-align:justify">Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a &ldquo;speed limit&rdquo;, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India&rsquo;s GDP statistics, exemplified by last week&rsquo;s 4Q20 print.</p><p style="text-align:justify">The CSO press release stated that India grew 0.4 per cent on a year-ago basis, that is, relative to the level of GDP four quarters before. Many heaved a sigh of relief at growth turning positive after two quarters of negative year-ago prints (-24.4 per cent in 2Q20 and -7.3 per cent in 3Q20) and declared that growth would accelerate from hereon as mobility increased and the fiscal policy support started to bite.</p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="360" src="https://www.youtube.com/embed/Hoj4RybVHHg" title="YouTube video player" width="640"></iframe></p><p style="text-align:justify"><strong>---</strong></p><p style="text-align:justify">Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, &ldquo;seasonality&rdquo;, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/" title="https://indianexpress.com/article/opinion/columns/indian-economy-gdp-cso-7218589/">click here</a> to read more.&nbsp;</p>'
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Recovery? Different numbers tell different stories -Jahangir Aziz

-The Indian Express With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a “speed limit”, there is a more fundamental problem it would create. The driver will not know whether the car is accelerating or decelerating and, therefore, whether to press the accelerator or the brake. This is a central weakness of India’s GDP statistics, exemplified by last week’s 4Q20 print. The CSO press release stated that India grew 0.4 per cent on a year-ago basis, that is, relative to the level of GDP four quarters before. Many heaved a sigh of relief at growth turning positive after two quarters of negative year-ago prints (-24.4 per cent in 2Q20 and -7.3 per cent in 3Q20) and declared that growth would accelerate from hereon as mobility increased and the fiscal policy support started to bite. --- --- Nothing could be further from the truth. To know whether the economy will accelerate or decelerate, one needs to know its current speed. Not what it is relative to a year ago. To do that, one needs to compute the quarter-on-quarter growth as almost all large economies do. These computations are not easy, because each quarter has its own characteristics or, as economists call it, “seasonality”, which naturally increases or decreases activity in that period. Think of quarters with festivals or with harvests versus those without them. The modern economy is more complicated as its seasonal patterns change when its structure does. To compare apples with apples, these changes to seasonality need to be excluded from the data. Please click here to read more.