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


        trigger_error($message, E_USER_DEPRECATED);

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

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


        trigger_error($message, E_USER_DEPRECATED);

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

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

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        LATEST NEWS UPDATES | The Indian economic recovery seems led by profits, not wages -Niranjan Rajadhyaksha    </title>
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Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter

The first estimates of economic growth in the September quarter indicate that India&rsquo;s ongoing recovery has been better than expected. This is a good..."/>
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    <h1 class="cat-box-title">The Indian economic recovery seems led by profits, not wages -Niranjan Rajadhyaksha</h1>
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter</em></p><p style="text-align:justify">The first estimates of economic growth in the September quarter indicate that India&rsquo;s ongoing recovery has been better than expected. This is a good time to resurrect a question this column had raised in August: Will the economic recovery be led by profits or wages? The answer matters because it has implications for aggregate demand in the coming quarters.</p><p style="text-align:justify">A good place to begin is the corporate results for the three months ended September. Indian companies reported a decline in sales. However, operating profits growth was in the double digits. Net profits grew even faster. Large firms achieved this by slashing costs.</p><p style="text-align:justify">Listed companies are only a small part of the overall Indian economy, but they have an outsized influence on the initial gross domestic product (GDP) estimates that the government releases. The increase in the operating profits of large companies, despite lower sales, is also a reason why industrial gross value added (GVA) was positive in the second quarter, despite a decline in the index of industrial production (IIP).</p><p style="text-align:justify">Please <a href="https://www.livemint.com/opinion/columns/the-indian-economic-recovery-seems-led-by-profits-not-wages-11606837662569.html" title="https://www.livemint.com/opinion/columns/the-indian-economic-recovery-seems-led-by-profits-not-wages-11606837662569.html">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.livemint.com/opinion/columns/the-indian-economic-recovery-seems-led-by-profits-not-wages-11606837662569.html" class="re" target="_blank">Livemint.com, 1 December, 2020, https://www.livemint.com/opinion/columns/the-indian-economic-recovery-seems-led-by-profits-not-wages-11606837662569.html</a><div class="clear"></div>
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter</em></p><p style="text-align:justify">The first estimates of economic growth in the September quarter indicate that India&rsquo;s ongoing recovery has been better than expected. This is a good time to resurrect a question this column had raised in August: Will the economic recovery be led by profits or wages? The answer matters because it has implications for aggregate demand in the coming quarters.</p><p style="text-align:justify">A good place to begin is the corporate results for the three months ended September. Indian companies reported a decline in sales. However, operating profits growth was in the double digits. Net profits grew even faster. Large firms achieved this by slashing costs.</p><p style="text-align:justify">Listed companies are only a small part of the overall Indian economy, but they have an outsized influence on the initial gross domestic product (GDP) estimates that the government releases. The increase in the operating profits of large companies, despite lower sales, is also a reason why industrial gross value added (GVA) was positive in the second quarter, despite a decline in the index of industrial production (IIP).</p><p style="text-align:justify">Please <a href="https://www.livemint.com/opinion/columns/the-indian-economic-recovery-seems-led-by-profits-not-wages-11606837662569.html" title="https://www.livemint.com/opinion/columns/the-indian-economic-recovery-seems-led-by-profits-not-wages-11606837662569.html">click here</a> to read more.</p>                                                           
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Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter

The first estimates of economic growth in the September quarter indicate that India&rsquo;s ongoing recovery has been better than expected. This is a good..." />
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    <h1 class="cat-box-title">The Indian economic recovery seems led by profits, not wages -Niranjan Rajadhyaksha</h1>
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                            <p style="text-align:justify">-Livemint.com</p><p style="text-align:justify"><em>Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter</em></p><p style="text-align:justify">The first estimates of economic growth in the September quarter indicate that India&rsquo;s ongoing recovery has been better than expected. This is a good time to resurrect a question this column had raised in August: Will the economic recovery be led by profits or wages? The answer matters because it has implications for aggregate demand in the coming quarters.</p><p style="text-align:justify">A good place to begin is the corporate results for the three months ended September. Indian companies reported a decline in sales. However, operating profits growth was in the double digits. Net profits grew even faster. Large firms achieved this by slashing costs.</p><p style="text-align:justify">Listed companies are only a small part of the overall Indian economy, but they have an outsized influence on the initial gross domestic product (GDP) estimates that the government releases. The increase in the operating profits of large companies, despite lower sales, is also a reason why industrial gross value added (GVA) was positive in the second quarter, despite a decline in the index of industrial production (IIP).</p><p style="text-align:justify">Please <a href="https://www.livemint.com/opinion/columns/the-indian-economic-recovery-seems-led-by-profits-not-wages-11606837662569.html" title="https://www.livemint.com/opinion/columns/the-indian-economic-recovery-seems-led-by-profits-not-wages-11606837662569.html">click here</a> to read more.</p>                                                           
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The Indian economic recovery seems led by profits, not wages -Niranjan Rajadhyaksha

Published on Dec 1, 2020   Modified on Dec 2, 2020

-Livemint.com Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter The first estimates of economic growth in the September quarter indicate that India’s ongoing recovery has been better than expected. This is a good time to resurrect a question this column had raised in August: Will the economic recovery be led by profits or wages? The answer matters because it has implications for aggregate demand in the coming quarters. A good place to begin is the corporate results for the three months ended September. Indian companies reported a decline in sales. However, operating profits growth was in the double digits. Net profits grew even faster. Large firms achieved this by slashing costs. Listed companies are only a small part of the overall Indian economy, but they have an outsized influence on the initial gross domestic product (GDP) estimates that the government releases. The increase in the operating profits of large companies, despite lower sales, is also a reason why industrial gross value added (GVA) was positive in the second quarter, despite a decline in the index of industrial production (IIP). Please click here to read more.

Livemint.com, 1 December, 2020, https://www.livemint.com/opinion/columns/the-indian-economic-recovery-seems-led-by-profits-not-wages-11606837662569.html

Tagged with: Effective Demand Employment Operating Profit Purchasing Power Unemployment Wage Bill Wage Rate Wages Excess Capacity

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