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\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
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

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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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    <h1 class="cat-box-title">Three questions which capture India’s medium-term economic challenge -Roshan Kishore and Vineet Sachdev</h1>
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                            <p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>By prioritizing long-term growth via a capital spending push, the budget has underplayed the need for urgent steps to boost short-term consumption demand.</em></p><p style="text-align:justify">Immediate analyses of the Union Budget are always focused on the headline numbers which the document contains. While these numbers are important , it is essential to take a big picture view of the economy to examine the validity of the budget&rsquo;s larger premise. Such an exercise is best conducted by putting statistics within and outside the budget in a larger context. Here are three questions which try to do this.</p><p style="text-align:justify"><em>How serious is India&rsquo;s consumption demand challenge?</em></p><p style="text-align:justify">By prioritizing long-term growth via a capital spending push, the budget has underplayed the need for urgent steps to boost short-term consumption demand.</p><p style="text-align:justify">An important statistic which was released a day before the Budget was presented, and therefore did not get as much attention as it should have, was a further downgrading of India&rsquo;s GDP growth in 2019-20 from 4% to 3.7%. This underlines the importance of realising that just achieving pre-pandemic levels is going to be of little help for the economy. How did India&rsquo;s pre-pandemic slowdown affect private demand? The answer to this question is important because there was hardly any official acknowledgement of a demand-side problem in the economy before the pandemic struck.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/india-news/three-questions-which-capture-india-s-medium-term-economic-challenge-101643826124981.html" title="https://www.hindustantimes.com/india-news/three-questions-which-capture-india-s-medium-term-economic-challenge-101643826124981.html">click here</a> to read more.&nbsp;</p>                                                           
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    <h1 class="cat-box-title">Three questions which capture India’s medium-term economic challenge -Roshan Kishore and Vineet Sachdev</h1>
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                            <p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>By prioritizing long-term growth via a capital spending push, the budget has underplayed the need for urgent steps to boost short-term consumption demand.</em></p><p style="text-align:justify">Immediate analyses of the Union Budget are always focused on the headline numbers which the document contains. While these numbers are important , it is essential to take a big picture view of the economy to examine the validity of the budget&rsquo;s larger premise. Such an exercise is best conducted by putting statistics within and outside the budget in a larger context. Here are three questions which try to do this.</p><p style="text-align:justify"><em>How serious is India&rsquo;s consumption demand challenge?</em></p><p style="text-align:justify">By prioritizing long-term growth via a capital spending push, the budget has underplayed the need for urgent steps to boost short-term consumption demand.</p><p style="text-align:justify">An important statistic which was released a day before the Budget was presented, and therefore did not get as much attention as it should have, was a further downgrading of India&rsquo;s GDP growth in 2019-20 from 4% to 3.7%. This underlines the importance of realising that just achieving pre-pandemic levels is going to be of little help for the economy. How did India&rsquo;s pre-pandemic slowdown affect private demand? The answer to this question is important because there was hardly any official acknowledgement of a demand-side problem in the economy before the pandemic struck.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/india-news/three-questions-which-capture-india-s-medium-term-economic-challenge-101643826124981.html" title="https://www.hindustantimes.com/india-news/three-questions-which-capture-india-s-medium-term-economic-challenge-101643826124981.html">click here</a> to read more.&nbsp;</p>                                                           
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    <h1 class="cat-box-title">Three questions which capture India’s medium-term economic challenge -Roshan Kishore and Vineet Sachdev</h1>
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                            <p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>By prioritizing long-term growth via a capital spending push, the budget has underplayed the need for urgent steps to boost short-term consumption demand.</em></p><p style="text-align:justify">Immediate analyses of the Union Budget are always focused on the headline numbers which the document contains. While these numbers are important , it is essential to take a big picture view of the economy to examine the validity of the budget&rsquo;s larger premise. Such an exercise is best conducted by putting statistics within and outside the budget in a larger context. Here are three questions which try to do this.</p><p style="text-align:justify"><em>How serious is India&rsquo;s consumption demand challenge?</em></p><p style="text-align:justify">By prioritizing long-term growth via a capital spending push, the budget has underplayed the need for urgent steps to boost short-term consumption demand.</p><p style="text-align:justify">An important statistic which was released a day before the Budget was presented, and therefore did not get as much attention as it should have, was a further downgrading of India&rsquo;s GDP growth in 2019-20 from 4% to 3.7%. This underlines the importance of realising that just achieving pre-pandemic levels is going to be of little help for the economy. How did India&rsquo;s pre-pandemic slowdown affect private demand? The answer to this question is important because there was hardly any official acknowledgement of a demand-side problem in the economy before the pandemic struck.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/india-news/three-questions-which-capture-india-s-medium-term-economic-challenge-101643826124981.html" title="https://www.hindustantimes.com/india-news/three-questions-which-capture-india-s-medium-term-economic-challenge-101643826124981.html">click here</a> to read more.&nbsp;</p>                                                           
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Three questions which capture India’s medium-term economic challenge -Roshan Kishore and Vineet Sachdev

Published on Feb 3, 2022   Modified on Feb 3, 2022

-Hindustan Times By prioritizing long-term growth via a capital spending push, the budget has underplayed the need for urgent steps to boost short-term consumption demand. Immediate analyses of the Union Budget are always focused on the headline numbers which the document contains. While these numbers are important , it is essential to take a big picture view of the economy to examine the validity of the budget’s larger premise. Such an exercise is best conducted by putting statistics within and outside the budget in a larger context. Here are three questions which try to do this. How serious is India’s consumption demand challenge? By prioritizing long-term growth via a capital spending push, the budget has underplayed the need for urgent steps to boost short-term consumption demand. An important statistic which was released a day before the Budget was presented, and therefore did not get as much attention as it should have, was a further downgrading of India’s GDP growth in 2019-20 from 4% to 3.7%. This underlines the importance of realising that just achieving pre-pandemic levels is going to be of little help for the economy. How did India’s pre-pandemic slowdown affect private demand? The answer to this question is important because there was hardly any official acknowledgement of a demand-side problem in the economy before the pandemic struck. Please click here to read more.

Hindustan Times, 3 February, 2022, https://www.hindustantimes.com/india-news/three-questions-which-capture-india-s-medium-term-economic-challenge-101643826124981.html

Tagged with: Union Budget Union Budget 2022-23 Consumption Expenditure Purchasing Power Effective Demand Capital Spending Capital Expenditure

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