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
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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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                            <div align="justify">-Newsclick.in<br /><br /><em>The estimated growth rate for the second quarter has been declared as 6.3%, but this is nothing that an average Indian should celebrate.<br /></em><br />The quick estimated growth rate of GDP for the second quarter (Q2) of 2017-18, has been declared as 6.3%, compared to 5.7% of the previous quarter (Q1). This is seen by many, including Mr Jaitley, as a sign that India&rsquo;s economic growth is back on track. According to Mr Jaitley, the days of demonetisation are behind us and the trend of growth slowdown of the past five quarters has been reversed.<br /><br />In light of this new growth rate, should an ordinary Indian feel optimistic? Maybe not. A closer look at the sectoral contribution to Gross Value Added does not make for as good a picture as the 6.3% GDP growth rate indicates.<br /><br />The growth rate of gross value added (GVA) in agriculture fell from 2.3% in the first quarter to 1.7% in the second quarter. With close to half of India&rsquo;s workers dependent on agriculture, such a fall in growth rate does not bode well for the livelihoods of these workers.<br /><br />The growth rate of services like trade, travel, hotel, etc. fell from 11.1% to 9.9% between the first and second quarter of 2017-18. Similarly, the growth rate of financial, insurance, real estate and professional services fell from 6.4% to 5.7%. These two service sectors together account for 40% of non-agricultural employment in India.<br /><br />What this effectively means is that growth of these two sectors which together employ 70% of India&rsquo;s workforce, has slowed down in the second quarter.<br /><br />The construction sector, which is another larger employer &ndash; 10.6% of total workforce &ndash; has seen a slight increase of GVA from 2% to 2.6%. Though this is a small increase, a growth rate of 2.6% is nothing to be optimistic about, and definitely not a sign of some great recovery. Considering the massive damage that has been done to this sector by demonetisation, 2.6% of growth is a highly inadequate compensation.<br /><br />The recovery of growth in the second quarter, compared to the first, mostly owes its growth to the manufacturing sector, which contributes to about 18% of the total GVA and employs about 12% of the workforce. The growth rate for this sector increased from 1.2% in the first quarter to 7% in the second quarter. That is indeed a substantial increase.<br /><br />But, as it has been pointed out by many, there are serious problems with the new methodology of the CSO in estimating the GVA of the manufacturing sector. The growth rates of the manufacturing sector as calculated by the CSO seem to be much higher than what the IIP (Index of Industrial Production) numbers indicate. If we look at the IIP, the growth rate of manufacturing output, rose modestly from 1.1% in the first quarter to 2.2% in the second quarter. This is a far cry from the substantial increase in the GVA growth rate from 1.2% to 7%.<br /><br />Please <a href="https://newsclick.in/truth-gdp-figures-conceal" title="https://newsclick.in/truth-gdp-figures-conceal">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://newsclick.in/truth-gdp-figures-conceal" class="re" target="_blank">Newsclick.in, 2 December, 2017, https://newsclick.in/truth-gdp-figures-conceal</a><div class="clear"></div>
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    <h1 class="cat-box-title">The Truth That GDP Figures Conceal -Bodapati Srujana</h1>
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                            <div align="justify">-Newsclick.in<br /><br /><em>The estimated growth rate for the second quarter has been declared as 6.3%, but this is nothing that an average Indian should celebrate.<br /></em><br />The quick estimated growth rate of GDP for the second quarter (Q2) of 2017-18, has been declared as 6.3%, compared to 5.7% of the previous quarter (Q1). This is seen by many, including Mr Jaitley, as a sign that India&rsquo;s economic growth is back on track. According to Mr Jaitley, the days of demonetisation are behind us and the trend of growth slowdown of the past five quarters has been reversed.<br /><br />In light of this new growth rate, should an ordinary Indian feel optimistic? Maybe not. A closer look at the sectoral contribution to Gross Value Added does not make for as good a picture as the 6.3% GDP growth rate indicates.<br /><br />The growth rate of gross value added (GVA) in agriculture fell from 2.3% in the first quarter to 1.7% in the second quarter. With close to half of India&rsquo;s workers dependent on agriculture, such a fall in growth rate does not bode well for the livelihoods of these workers.<br /><br />The growth rate of services like trade, travel, hotel, etc. fell from 11.1% to 9.9% between the first and second quarter of 2017-18. Similarly, the growth rate of financial, insurance, real estate and professional services fell from 6.4% to 5.7%. These two service sectors together account for 40% of non-agricultural employment in India.<br /><br />What this effectively means is that growth of these two sectors which together employ 70% of India&rsquo;s workforce, has slowed down in the second quarter.<br /><br />The construction sector, which is another larger employer &ndash; 10.6% of total workforce &ndash; has seen a slight increase of GVA from 2% to 2.6%. Though this is a small increase, a growth rate of 2.6% is nothing to be optimistic about, and definitely not a sign of some great recovery. Considering the massive damage that has been done to this sector by demonetisation, 2.6% of growth is a highly inadequate compensation.<br /><br />The recovery of growth in the second quarter, compared to the first, mostly owes its growth to the manufacturing sector, which contributes to about 18% of the total GVA and employs about 12% of the workforce. The growth rate for this sector increased from 1.2% in the first quarter to 7% in the second quarter. That is indeed a substantial increase.<br /><br />But, as it has been pointed out by many, there are serious problems with the new methodology of the CSO in estimating the GVA of the manufacturing sector. The growth rates of the manufacturing sector as calculated by the CSO seem to be much higher than what the IIP (Index of Industrial Production) numbers indicate. If we look at the IIP, the growth rate of manufacturing output, rose modestly from 1.1% in the first quarter to 2.2% in the second quarter. This is a far cry from the substantial increase in the GVA growth rate from 1.2% to 7%.<br /><br />Please <a href="https://newsclick.in/truth-gdp-figures-conceal" title="https://newsclick.in/truth-gdp-figures-conceal">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://newsclick.in/truth-gdp-figures-conceal" class="re" target="_blank">Newsclick.in, 2 December, 2017, https://newsclick.in/truth-gdp-figures-conceal</a><div class="clear"></div>
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The estimated growth rate for the second quarter has been declared as 6.3%, but this is nothing that an average Indian should celebrate.

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    <h1 class="cat-box-title">The Truth That GDP Figures Conceal -Bodapati Srujana</h1>
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                            <div align="justify">-Newsclick.in<br /><br /><em>The estimated growth rate for the second quarter has been declared as 6.3%, but this is nothing that an average Indian should celebrate.<br /></em><br />The quick estimated growth rate of GDP for the second quarter (Q2) of 2017-18, has been declared as 6.3%, compared to 5.7% of the previous quarter (Q1). This is seen by many, including Mr Jaitley, as a sign that India&rsquo;s economic growth is back on track. According to Mr Jaitley, the days of demonetisation are behind us and the trend of growth slowdown of the past five quarters has been reversed.<br /><br />In light of this new growth rate, should an ordinary Indian feel optimistic? Maybe not. A closer look at the sectoral contribution to Gross Value Added does not make for as good a picture as the 6.3% GDP growth rate indicates.<br /><br />The growth rate of gross value added (GVA) in agriculture fell from 2.3% in the first quarter to 1.7% in the second quarter. With close to half of India&rsquo;s workers dependent on agriculture, such a fall in growth rate does not bode well for the livelihoods of these workers.<br /><br />The growth rate of services like trade, travel, hotel, etc. fell from 11.1% to 9.9% between the first and second quarter of 2017-18. Similarly, the growth rate of financial, insurance, real estate and professional services fell from 6.4% to 5.7%. These two service sectors together account for 40% of non-agricultural employment in India.<br /><br />What this effectively means is that growth of these two sectors which together employ 70% of India&rsquo;s workforce, has slowed down in the second quarter.<br /><br />The construction sector, which is another larger employer &ndash; 10.6% of total workforce &ndash; has seen a slight increase of GVA from 2% to 2.6%. Though this is a small increase, a growth rate of 2.6% is nothing to be optimistic about, and definitely not a sign of some great recovery. Considering the massive damage that has been done to this sector by demonetisation, 2.6% of growth is a highly inadequate compensation.<br /><br />The recovery of growth in the second quarter, compared to the first, mostly owes its growth to the manufacturing sector, which contributes to about 18% of the total GVA and employs about 12% of the workforce. The growth rate for this sector increased from 1.2% in the first quarter to 7% in the second quarter. That is indeed a substantial increase.<br /><br />But, as it has been pointed out by many, there are serious problems with the new methodology of the CSO in estimating the GVA of the manufacturing sector. The growth rates of the manufacturing sector as calculated by the CSO seem to be much higher than what the IIP (Index of Industrial Production) numbers indicate. If we look at the IIP, the growth rate of manufacturing output, rose modestly from 1.1% in the first quarter to 2.2% in the second quarter. This is a far cry from the substantial increase in the GVA growth rate from 1.2% to 7%.<br /><br />Please <a href="https://newsclick.in/truth-gdp-figures-conceal" title="https://newsclick.in/truth-gdp-figures-conceal">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://newsclick.in/truth-gdp-figures-conceal" class="re" target="_blank">Newsclick.in, 2 December, 2017, https://newsclick.in/truth-gdp-figures-conceal</a><div class="clear"></div>
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Home हिन्दी

The Truth That GDP Figures Conceal -Bodapati Srujana

Published on Dec 2, 2017   Modified on Dec 2, 2017

-Newsclick.in The estimated growth rate for the second quarter has been declared as 6.3%, but this is nothing that an average Indian should celebrate. The quick estimated growth rate of GDP for the second quarter (Q2) of 2017-18, has been declared as 6.3%, compared to 5.7% of the previous quarter (Q1). This is seen by many, including Mr Jaitley, as a sign that India’s economic growth is back on track. According to Mr Jaitley, the days of demonetisation are behind us and the trend of growth slowdown of the past five quarters has been reversed. In light of this new growth rate, should an ordinary Indian feel optimistic? Maybe not. A closer look at the sectoral contribution to Gross Value Added does not make for as good a picture as the 6.3% GDP growth rate indicates. The growth rate of gross value added (GVA) in agriculture fell from 2.3% in the first quarter to 1.7% in the second quarter. With close to half of India’s workers dependent on agriculture, such a fall in growth rate does not bode well for the livelihoods of these workers. The growth rate of services like trade, travel, hotel, etc. fell from 11.1% to 9.9% between the first and second quarter of 2017-18. Similarly, the growth rate of financial, insurance, real estate and professional services fell from 6.4% to 5.7%. These two service sectors together account for 40% of non-agricultural employment in India. What this effectively means is that growth of these two sectors which together employ 70% of India’s workforce, has slowed down in the second quarter. The construction sector, which is another larger employer – 10.6% of total workforce – has seen a slight increase of GVA from 2% to 2.6%. Though this is a small increase, a growth rate of 2.6% is nothing to be optimistic about, and definitely not a sign of some great recovery. Considering the massive damage that has been done to this sector by demonetisation, 2.6% of growth is a highly inadequate compensation. The recovery of growth in the second quarter, compared to the first, mostly owes its growth to the manufacturing sector, which contributes to about 18% of the total GVA and employs about 12% of the workforce. The growth rate for this sector increased from 1.2% in the first quarter to 7% in the second quarter. That is indeed a substantial increase. But, as it has been pointed out by many, there are serious problems with the new methodology of the CSO in estimating the GVA of the manufacturing sector. The growth rates of the manufacturing sector as calculated by the CSO seem to be much higher than what the IIP (Index of Industrial Production) numbers indicate. If we look at the IIP, the growth rate of manufacturing output, rose modestly from 1.1% in the first quarter to 2.2% in the second quarter. This is a far cry from the substantial increase in the GVA growth rate from 1.2% to 7%. Please click here to read more.

Newsclick.in, 2 December, 2017, https://newsclick.in/truth-gdp-figures-conceal

Tagged with: gross value added Gross Value Added (GVA) Gross Value Added (GVA) from Agriculture Economic Growth Employment Job Creation

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