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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Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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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
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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
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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
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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\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
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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 | The dangers of misplaced optimism -CP Chandrasekhar    </title>
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The government&rsquo;s economic recovery hype is off track and this is not a time for fiscal conservatism

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The government&rsquo;s economic recovery hype is off track and this is not a time for fiscal conservatism

Preliminary evidence that India&rsquo;s economy contracted by 7.5% in the second quarter of financial year 2020-21 was, as news, both good and bad...." />
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The government&rsquo;s economic recovery hype is off track and this is not a time for fiscal conservatism</em></p><p style="text-align:justify">Preliminary evidence that India&rsquo;s economy contracted by 7.5% in the second quarter of financial year 2020-21 was, as news, both good and bad. Good because that figure is far lower than the 23.9% contraction registered in the first quarter of this financial year. Bad because a 7.5% second quarter contraction is high both in itself and when compared with most similarly placed countries. The figure signals that the substantial relaxation of lockdown restrictions during that quarter has not ensured automatic recovery.</p><p style="text-align:justify">The government, however, sticks with its recovery hype. It has chosen to focus on the unsurprising evidence that GDP rose sharply, by 23%, between the first quarter, when the national lockdown following the pandemic was severe, and the second when restrictions were substantially lifted. Based on that evidence, the Finance Ministry&rsquo;s Monthly Economic Report, for November, speaks of a V-shaped recovery reflective of &ldquo;the resilience and robustness of the Indian economy&rdquo;. The danger is that such optimism would provide the justification to avoid adoption of the measures crucially needed to pull the economy out of recession.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true" class="re" target="_blank">The Hindu, 9 December, 2020, https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true</a><div class="clear"></div>
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The government&rsquo;s economic recovery hype is off track and this is not a time for fiscal conservatism

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    <h1 class="cat-box-title">The dangers of misplaced optimism -CP Chandrasekhar</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The government&rsquo;s economic recovery hype is off track and this is not a time for fiscal conservatism</em></p><p style="text-align:justify">Preliminary evidence that India&rsquo;s economy contracted by 7.5% in the second quarter of financial year 2020-21 was, as news, both good and bad. Good because that figure is far lower than the 23.9% contraction registered in the first quarter of this financial year. Bad because a 7.5% second quarter contraction is high both in itself and when compared with most similarly placed countries. The figure signals that the substantial relaxation of lockdown restrictions during that quarter has not ensured automatic recovery.</p><p style="text-align:justify">The government, however, sticks with its recovery hype. It has chosen to focus on the unsurprising evidence that GDP rose sharply, by 23%, between the first quarter, when the national lockdown following the pandemic was severe, and the second when restrictions were substantially lifted. Based on that evidence, the Finance Ministry&rsquo;s Monthly Economic Report, for November, speaks of a V-shaped recovery reflective of &ldquo;the resilience and robustness of the Indian economy&rdquo;. The danger is that such optimism would provide the justification to avoid adoption of the measures crucially needed to pull the economy out of recession.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true" class="re" target="_blank">The Hindu, 9 December, 2020, https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true</a><div class="clear"></div>
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The government&rsquo;s economic recovery hype is off track and this is not a time for fiscal conservatism

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    <h1 class="cat-box-title">The dangers of misplaced optimism -CP Chandrasekhar</h1>
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		 Published on</span><span class="text-date"> Dec 9, 2020</span>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The government&rsquo;s economic recovery hype is off track and this is not a time for fiscal conservatism</em></p><p style="text-align:justify">Preliminary evidence that India&rsquo;s economy contracted by 7.5% in the second quarter of financial year 2020-21 was, as news, both good and bad. Good because that figure is far lower than the 23.9% contraction registered in the first quarter of this financial year. Bad because a 7.5% second quarter contraction is high both in itself and when compared with most similarly placed countries. The figure signals that the substantial relaxation of lockdown restrictions during that quarter has not ensured automatic recovery.</p><p style="text-align:justify">The government, however, sticks with its recovery hype. It has chosen to focus on the unsurprising evidence that GDP rose sharply, by 23%, between the first quarter, when the national lockdown following the pandemic was severe, and the second when restrictions were substantially lifted. Based on that evidence, the Finance Ministry&rsquo;s Monthly Economic Report, for November, speaks of a V-shaped recovery reflective of &ldquo;the resilience and robustness of the Indian economy&rdquo;. The danger is that such optimism would provide the justification to avoid adoption of the measures crucially needed to pull the economy out of recession.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true" class="re" target="_blank">The Hindu, 9 December, 2020, https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true</a><div class="clear"></div>
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The dangers of misplaced optimism -CP Chandrasekhar

Published on Dec 9, 2020   Modified on Dec 9, 2020

-The Hindu The government’s economic recovery hype is off track and this is not a time for fiscal conservatism Preliminary evidence that India’s economy contracted by 7.5% in the second quarter of financial year 2020-21 was, as news, both good and bad. Good because that figure is far lower than the 23.9% contraction registered in the first quarter of this financial year. Bad because a 7.5% second quarter contraction is high both in itself and when compared with most similarly placed countries. The figure signals that the substantial relaxation of lockdown restrictions during that quarter has not ensured automatic recovery. The government, however, sticks with its recovery hype. It has chosen to focus on the unsurprising evidence that GDP rose sharply, by 23%, between the first quarter, when the national lockdown following the pandemic was severe, and the second when restrictions were substantially lifted. Based on that evidence, the Finance Ministry’s Monthly Economic Report, for November, speaks of a V-shaped recovery reflective of “the resilience and robustness of the Indian economy”. The danger is that such optimism would provide the justification to avoid adoption of the measures crucially needed to pull the economy out of recession. Please click here to read more.

The Hindu, 9 December, 2020, https://www.thehindu.com/opinion/lead/the-dangers-of-misplaced-optimism/article33282843.ece?homepage=true

Tagged with: Fiscal Conservatism Fiscal Austerity Economic Recession V-Shaped Recovery

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