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]
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
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
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]
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]
if (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) {
'status' => (int) 200,
'contentType' => 'text/html',
'headers' => [
'Content-Type' => [
[maximum depth reached]
]
],
'file' => null,
'fileRange' => [],
'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
'cacheDirectives' => [],
'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
"http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f072f0a7470-trace').style.display = (document.getElementById('cakeErr67f072f0a7470-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f072f0a7470-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f072f0a7470-code').style.display = (document.getElementById('cakeErr67f072f0a7470-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f072f0a7470-context').style.display = (document.getElementById('cakeErr67f072f0a7470-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f072f0a7470-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
</span></span></code></pre><pre id="cakeErr67f072f0a7470-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
'article_current' => object(App\Model\Entity\Article) {
'id' => (int) 40788,
'title' => 'With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'subheading' => '',
'description' => '<div align="justify">
-The Indian Express<br />
<br />
<em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br />
</em><br />
That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br />
<br />
Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br />
<br />
Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br />
</div>',
'credit_writer' => 'The Indian Express, 23 January, 2020, https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfz',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922',
'meta_title' => null,
'meta_keywords' => null,
'meta_description' => null,
'noindex' => (int) 0,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => (int) 4688922,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
[maximum depth reached]
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[hasErrors]' => false,
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'Articles'
},
'articleid' => (int) 40788,
'metaTitle' => 'LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'metaKeywords' => 'National Accounts Statistics,national sample survey,monthly per capita consumption expenditure,informal economy,Informal Workers,Economic Slowdown,Economic Growth,fiscal deficit',
'metaDesc' => '
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious...',
'disp' => '<div align="justify">-The Indian Express<br /><br /><em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br /></em><br />That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br /><br />Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE" title="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br /></div>',
'lang' => 'English',
'SITE_URL' => 'https://im4change.in/',
'site_title' => 'im4change',
'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {
'id' => (int) 40788,
'title' => 'With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'subheading' => '',
'description' => '<div align="justify">
-The Indian Express<br />
<br />
<em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br />
</em><br />
That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br />
<br />
Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br />
<br />
Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br />
</div>',
'credit_writer' => 'The Indian Express, 23 January, 2020, https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfz',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922',
'meta_title' => null,
'meta_keywords' => null,
'meta_description' => null,
'noindex' => (int) 0,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => (int) 4688922,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {},
(int) 4 => object(Cake\ORM\Entity) {},
(int) 5 => object(Cake\ORM\Entity) {},
(int) 6 => object(Cake\ORM\Entity) {},
(int) 7 => object(Cake\ORM\Entity) {}
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
'*' => true,
'id' => false
],
'[dirty]' => [],
'[original]' => [],
'[virtual]' => [],
'[hasErrors]' => false,
'[errors]' => [],
'[invalid]' => [],
'[repository]' => 'Articles'
}
$articleid = (int) 40788
$metaTitle = 'LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak'
$metaKeywords = 'National Accounts Statistics,national sample survey,monthly per capita consumption expenditure,informal economy,Informal Workers,Economic Slowdown,Economic Growth,fiscal deficit'
$metaDesc = '
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious...'
$disp = '<div align="justify">-The Indian Express<br /><br /><em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br /></em><br />That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br /><br />Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE" title="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922.html"/>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
<link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
media="all"/>
<title>LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak | Im4change.org</title>
<meta name="description" content="
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious..."/>
<script src="https://im4change.in/js/jquery-1.10.2.js"></script>
<script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
<script language="javascript" type="text/javascript">
$(document).ready(function () {
var img = $("img")[0]; // Get my img elem
var pic_real_width, pic_real_height;
$("<img/>") // Make in memory copy of image to avoid css issues
.attr("src", $(img).attr("src"))
.load(function () {
pic_real_width = this.width; // Note: $(this).width() will not
pic_real_height = this.height; // work for in memory images.
});
});
</script>
<style type="text/css">
@media screen {
div.divFooter {
display: block;
}
}
@media print {
.printbutton {
display: none !important;
}
}
</style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
<tr>
<td class="top_bg">
<div class="divFooter">
<img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
</div>
</td>
</tr>
<tr>
<td id="topspace"> </td>
</tr>
<tr id="topspace">
<td> </td>
</tr>
<tr>
<td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
<tr>
<td width="100%">
<h1 class="news_headlines" style="font-style:normal">
<strong>With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak</strong></h1>
</td>
</tr>
<tr>
<td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
<div align="justify">-The Indian Express<br /><br /><em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br /></em><br />That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent — the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br /><br />Yet, the leaked National Sample Survey (NSS) consumer expenditure data — a report that was withheld and now has been officially withdrawn — shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE" title="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br /></div> </font>
</td>
</tr>
<tr>
<td> </td>
</tr>
<tr>
<td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
</table></body>
</html>'
}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
$response = object(Cake\Http\Response) {
'status' => (int) 200,
'contentType' => 'text/html',
'headers' => [
'Content-Type' => [
[maximum depth reached]
]
],
'file' => null,
'fileRange' => [],
'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
'cacheDirectives' => [],
'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
"http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f072f0a7470-trace').style.display = (document.getElementById('cakeErr67f072f0a7470-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f072f0a7470-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f072f0a7470-code').style.display = (document.getElementById('cakeErr67f072f0a7470-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f072f0a7470-context').style.display = (document.getElementById('cakeErr67f072f0a7470-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f072f0a7470-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
</span></span></code></pre><pre id="cakeErr67f072f0a7470-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
'article_current' => object(App\Model\Entity\Article) {
'id' => (int) 40788,
'title' => 'With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'subheading' => '',
'description' => '<div align="justify">
-The Indian Express<br />
<br />
<em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br />
</em><br />
That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br />
<br />
Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br />
<br />
Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br />
</div>',
'credit_writer' => 'The Indian Express, 23 January, 2020, https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfz',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922',
'meta_title' => null,
'meta_keywords' => null,
'meta_description' => null,
'noindex' => (int) 0,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => (int) 4688922,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
[maximum depth reached]
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[hasErrors]' => false,
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'Articles'
},
'articleid' => (int) 40788,
'metaTitle' => 'LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'metaKeywords' => 'National Accounts Statistics,national sample survey,monthly per capita consumption expenditure,informal economy,Informal Workers,Economic Slowdown,Economic Growth,fiscal deficit',
'metaDesc' => '
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious...',
'disp' => '<div align="justify">-The Indian Express<br /><br /><em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br /></em><br />That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br /><br />Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE" title="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br /></div>',
'lang' => 'English',
'SITE_URL' => 'https://im4change.in/',
'site_title' => 'im4change',
'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {
'id' => (int) 40788,
'title' => 'With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'subheading' => '',
'description' => '<div align="justify">
-The Indian Express<br />
<br />
<em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br />
</em><br />
That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br />
<br />
Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br />
<br />
Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br />
</div>',
'credit_writer' => 'The Indian Express, 23 January, 2020, https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfz',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922',
'meta_title' => null,
'meta_keywords' => null,
'meta_description' => null,
'noindex' => (int) 0,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => (int) 4688922,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {},
(int) 4 => object(Cake\ORM\Entity) {},
(int) 5 => object(Cake\ORM\Entity) {},
(int) 6 => object(Cake\ORM\Entity) {},
(int) 7 => object(Cake\ORM\Entity) {}
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
'*' => true,
'id' => false
],
'[dirty]' => [],
'[original]' => [],
'[virtual]' => [],
'[hasErrors]' => false,
'[errors]' => [],
'[invalid]' => [],
'[repository]' => 'Articles'
}
$articleid = (int) 40788
$metaTitle = 'LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak'
$metaKeywords = 'National Accounts Statistics,national sample survey,monthly per capita consumption expenditure,informal economy,Informal Workers,Economic Slowdown,Economic Growth,fiscal deficit'
$metaDesc = '
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious...'
$disp = '<div align="justify">-The Indian Express<br /><br /><em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br /></em><br />That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br /><br />Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE" title="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922.html"/>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
<link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
media="all"/>
<title>LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak | Im4change.org</title>
<meta name="description" content="
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious..."/>
<script src="https://im4change.in/js/jquery-1.10.2.js"></script>
<script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
<script language="javascript" type="text/javascript">
$(document).ready(function () {
var img = $("img")[0]; // Get my img elem
var pic_real_width, pic_real_height;
$("<img/>") // Make in memory copy of image to avoid css issues
.attr("src", $(img).attr("src"))
.load(function () {
pic_real_width = this.width; // Note: $(this).width() will not
pic_real_height = this.height; // work for in memory images.
});
});
</script>
<style type="text/css">
@media screen {
div.divFooter {
display: block;
}
}
@media print {
.printbutton {
display: none !important;
}
}
</style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
<tr>
<td class="top_bg">
<div class="divFooter">
<img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
</div>
</td>
</tr>
<tr>
<td id="topspace"> </td>
</tr>
<tr id="topspace">
<td> </td>
</tr>
<tr>
<td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
<tr>
<td width="100%">
<h1 class="news_headlines" style="font-style:normal">
<strong>With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak</strong></h1>
</td>
</tr>
<tr>
<td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
<div align="justify">-The Indian Express<br /><br /><em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br /></em><br />That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent — the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br /><br />Yet, the leaked National Sample Survey (NSS) consumer expenditure data — a report that was withheld and now has been officially withdrawn — shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE" title="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br /></div> </font>
</td>
</tr>
<tr>
<td> </td>
</tr>
<tr>
<td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
</table></body>
</html>'
}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
$response = object(Cake\Http\Response) {
'status' => (int) 200,
'contentType' => 'text/html',
'headers' => [
'Content-Type' => [
[maximum depth reached]
]
],
'file' => null,
'fileRange' => [],
'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
'cacheDirectives' => [],
'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
"http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f072f0a7470-trace').style.display = (document.getElementById('cakeErr67f072f0a7470-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f072f0a7470-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f072f0a7470-code').style.display = (document.getElementById('cakeErr67f072f0a7470-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f072f0a7470-context').style.display = (document.getElementById('cakeErr67f072f0a7470-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f072f0a7470-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
</span></span></code></pre><pre id="cakeErr67f072f0a7470-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
'article_current' => object(App\Model\Entity\Article) {
'id' => (int) 40788,
'title' => 'With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'subheading' => '',
'description' => '<div align="justify">
-The Indian Express<br />
<br />
<em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br />
</em><br />
That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br />
<br />
Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br />
<br />
Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br />
</div>',
'credit_writer' => 'The Indian Express, 23 January, 2020, https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfz',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922',
'meta_title' => null,
'meta_keywords' => null,
'meta_description' => null,
'noindex' => (int) 0,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => (int) 4688922,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
[maximum depth reached]
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[hasErrors]' => false,
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'Articles'
},
'articleid' => (int) 40788,
'metaTitle' => 'LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'metaKeywords' => 'National Accounts Statistics,national sample survey,monthly per capita consumption expenditure,informal economy,Informal Workers,Economic Slowdown,Economic Growth,fiscal deficit',
'metaDesc' => '
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious...',
'disp' => '<div align="justify">-The Indian Express<br /><br /><em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br /></em><br />That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br /><br />Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE" title="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br /></div>',
'lang' => 'English',
'SITE_URL' => 'https://im4change.in/',
'site_title' => 'im4change',
'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {
'id' => (int) 40788,
'title' => 'With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'subheading' => '',
'description' => '<div align="justify">
-The Indian Express<br />
<br />
<em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br />
</em><br />
That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br />
<br />
Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br />
<br />
Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br />
</div>',
'credit_writer' => 'The Indian Express, 23 January, 2020, https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfz',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922',
'meta_title' => null,
'meta_keywords' => null,
'meta_description' => null,
'noindex' => (int) 0,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => (int) 4688922,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {},
(int) 4 => object(Cake\ORM\Entity) {},
(int) 5 => object(Cake\ORM\Entity) {},
(int) 6 => object(Cake\ORM\Entity) {},
(int) 7 => object(Cake\ORM\Entity) {}
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
'*' => true,
'id' => false
],
'[dirty]' => [],
'[original]' => [],
'[virtual]' => [],
'[hasErrors]' => false,
'[errors]' => [],
'[invalid]' => [],
'[repository]' => 'Articles'
}
$articleid = (int) 40788
$metaTitle = 'LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak'
$metaKeywords = 'National Accounts Statistics,national sample survey,monthly per capita consumption expenditure,informal economy,Informal Workers,Economic Slowdown,Economic Growth,fiscal deficit'
$metaDesc = '
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious...'
$disp = '<div align="justify">-The Indian Express<br /><br /><em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br /></em><br />That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent &mdash; the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br /><br />Yet, the leaked National Sample Survey (NSS) consumer expenditure data &mdash; a report that was withheld and now has been officially withdrawn &mdash; shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE" title="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922.html"/>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
<link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
media="all"/>
<title>LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak | Im4change.org</title>
<meta name="description" content="
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious..."/>
<script src="https://im4change.in/js/jquery-1.10.2.js"></script>
<script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
<script language="javascript" type="text/javascript">
$(document).ready(function () {
var img = $("img")[0]; // Get my img elem
var pic_real_width, pic_real_height;
$("<img/>") // Make in memory copy of image to avoid css issues
.attr("src", $(img).attr("src"))
.load(function () {
pic_real_width = this.width; // Note: $(this).width() will not
pic_real_height = this.height; // work for in memory images.
});
});
</script>
<style type="text/css">
@media screen {
div.divFooter {
display: block;
}
}
@media print {
.printbutton {
display: none !important;
}
}
</style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
<tr>
<td class="top_bg">
<div class="divFooter">
<img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
</div>
</td>
</tr>
<tr>
<td id="topspace"> </td>
</tr>
<tr id="topspace">
<td> </td>
</tr>
<tr>
<td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
<tr>
<td width="100%">
<h1 class="news_headlines" style="font-style:normal">
<strong>With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak</strong></h1>
</td>
</tr>
<tr>
<td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
<div align="justify">-The Indian Express<br /><br /><em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br /></em><br />That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent — the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br /><br />Yet, the leaked National Sample Survey (NSS) consumer expenditure data — a report that was withheld and now has been officially withdrawn — shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE" title="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br /></div> </font>
</td>
</tr>
<tr>
<td> </td>
</tr>
<tr>
<td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
<form><input type="button" value=" Print this page "
onclick="window.print();return false;"/></form>
</td>
</tr>
</table></body>
</html>'
}
$cookies = []
$values = [
(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39
Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]
$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
'article_current' => object(App\Model\Entity\Article) {
'id' => (int) 40788,
'title' => 'With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'subheading' => '',
'description' => '<div align="justify">
-The Indian Express<br />
<br />
<em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br />
</em><br />
That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent — the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br />
<br />
Yet, the leaked National Sample Survey (NSS) consumer expenditure data — a report that was withheld and now has been officially withdrawn — shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br />
<br />
Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br />
</div>',
'credit_writer' => 'The Indian Express, 23 January, 2020, https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfz',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922',
'meta_title' => null,
'meta_keywords' => null,
'meta_description' => null,
'noindex' => (int) 0,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => (int) 4688922,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
[maximum depth reached]
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
[maximum depth reached]
],
'[dirty]' => [[maximum depth reached]],
'[original]' => [[maximum depth reached]],
'[virtual]' => [[maximum depth reached]],
'[hasErrors]' => false,
'[errors]' => [[maximum depth reached]],
'[invalid]' => [[maximum depth reached]],
'[repository]' => 'Articles'
},
'articleid' => (int) 40788,
'metaTitle' => 'LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'metaKeywords' => 'National Accounts Statistics,national sample survey,monthly per capita consumption expenditure,informal economy,Informal Workers,Economic Slowdown,Economic Growth,fiscal deficit',
'metaDesc' => '
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious...',
'disp' => '<div align="justify">-The Indian Express<br /><br /><em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br /></em><br />That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent — the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br /><br />Yet, the leaked National Sample Survey (NSS) consumer expenditure data — a report that was withheld and now has been officially withdrawn — shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE" title="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br /></div>',
'lang' => 'English',
'SITE_URL' => 'https://im4change.in/',
'site_title' => 'im4change',
'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {
'id' => (int) 40788,
'title' => 'With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak',
'subheading' => '',
'description' => '<div align="justify">
-The Indian Express<br />
<br />
<em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br />
</em><br />
That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent — the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br />
<br />
Yet, the leaked National Sample Survey (NSS) consumer expenditure data — a report that was withheld and now has been officially withdrawn — shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br />
<br />
Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br />
</div>',
'credit_writer' => 'The Indian Express, 23 January, 2020, https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfz',
'article_img' => '',
'article_img_thumb' => '',
'status' => (int) 1,
'show_on_home' => (int) 1,
'lang' => 'EN',
'category_id' => (int) 16,
'tag_keyword' => '',
'seo_url' => 'with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922',
'meta_title' => null,
'meta_keywords' => null,
'meta_description' => null,
'noindex' => (int) 0,
'publish_date' => object(Cake\I18n\FrozenDate) {},
'most_visit_section_id' => null,
'article_big_img' => null,
'liveid' => (int) 4688922,
'created' => object(Cake\I18n\FrozenTime) {},
'modified' => object(Cake\I18n\FrozenTime) {},
'edate' => '',
'tags' => [
(int) 0 => object(Cake\ORM\Entity) {},
(int) 1 => object(Cake\ORM\Entity) {},
(int) 2 => object(Cake\ORM\Entity) {},
(int) 3 => object(Cake\ORM\Entity) {},
(int) 4 => object(Cake\ORM\Entity) {},
(int) 5 => object(Cake\ORM\Entity) {},
(int) 6 => object(Cake\ORM\Entity) {},
(int) 7 => object(Cake\ORM\Entity) {}
],
'category' => object(App\Model\Entity\Category) {},
'[new]' => false,
'[accessible]' => [
'*' => true,
'id' => false
],
'[dirty]' => [],
'[original]' => [],
'[virtual]' => [],
'[hasErrors]' => false,
'[errors]' => [],
'[invalid]' => [],
'[repository]' => 'Articles'
}
$articleid = (int) 40788
$metaTitle = 'LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak'
$metaKeywords = 'National Accounts Statistics,national sample survey,monthly per capita consumption expenditure,informal economy,Informal Workers,Economic Slowdown,Economic Growth,fiscal deficit'
$metaDesc = '
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious...'
$disp = '<div align="justify">-The Indian Express<br /><br /><em>To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.<br /></em><br />That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent — the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.<br /><br />Yet, the leaked National Sample Survey (NSS) consumer expenditure data — a report that was withheld and now has been officially withdrawn — shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE" title="https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/?fbclid=IwAR1oaBN9P48_kMn9JRjNkGaqDR95DYfzdmw4FgkYB1BWQ_Ge7bwEoCPTfuE">click here</a> to read more. <br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'
include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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
latest-news-updates/with-a-huge-informal-economy-government-should-increase-spending-not-worry-about-deficit-maitreesh-ghatak-4688922.html"/>
LATEST NEWS UPDATES | With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak | Im4change.org
With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak
-The Indian Express
To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.
That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to carry out deep reforms to raise productivity and the growth potential of the economy. As per the recent release by the National Statistical Office (NSO), the growth rate of the GDP in real terms is now 5 per cent, the lowest in more than a decade, and that ofthe nominal GDP is 7.5 per cent — the lowest in four decades. Technically, this is being called a slowdown and not a recession, since in absolute terms GDP has not fallen.
Yet, the leaked National Sample Survey (NSS) consumer expenditure data — a report that was withheld and now has been officially withdrawn — shows that real monthly per capita expenditure has in fact fallen in absolute terms between 2011-12 and 2017-18. In rural areas, consumption expenditure decreased by 8.8 per cent, while in urban areas it increased by 2 per cent, leading to an all India decline of 3.7 per cent.
