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-The Hindu<br />
<br />
<em>Misplaced optimism needs to cede ground to tangible policy interventions<br />
</em><br />
The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic Product (GDP) will expand by 5% in the 12-month period, in line with the Reserve Bank of India’s sharp downward revision last month in its full-year growth forecast — from 6.1% projected earlier, to 5%. The NSO’s estimate is a full 2 percentage points lower than the 7% figure that the Economic Survey had projected on the eve of the newly elected government’s annual Budget in July, reflecting the continued sharp slide in momentum. However, disconcertingly, even the latest growth assumption appears grounded more on optimism than on real hard data. Given that the pace of growth slumped to a six-and-a-half year low of 4.5% in the second quarter, thus dragging the first half’s expansion to 4.8%, the statistics office’s projection for the full year assumes that the economy will expand by a healthier 5.2% pace in the October-March six-month period. It is this premise that is hard to square with all the macro-economic data available so far, as well as the assumed estimates for the key expenditure components that together total up to the overall GDP. Take for instance the very cornerstone of demand in the economy, private consumption expenditure, the NSO’s projection assumes that consumers would go out and spend an additional Rs.4.77 lakh crore, or almost 12% more, in the second half, than what they had spent in the preceding six months. Not only do most high-frequency indicators, including automobile sales, belie this assumption, even the RBI’s consumer confidence survey points to a decline in non-essential consumption compared to a year ago.<br />
<br />
Please <a href="https://www.thehindu.com/opinion/editorial/reality-check/article30517062.ece?homepage=true">click here</a> to read more. <br />
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LATEST NEWS UPDATES | Reality check: on govt projecting slower GDP growth </title>
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-The Hindu
Misplaced optimism needs to cede ground to tangible policy interventions
The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO)..."/>
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-The Hindu
Misplaced optimism needs to cede ground to tangible policy interventions
The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO)..." />
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<br><small>January 9, 2020</small>
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-The Hindu
Misplaced optimism needs to cede ground to tangible policy interventions
The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic...</p>
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<br><small>January 9, 2020</small>
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-PTI
The World Bank said India's growth rate was likely to recover to 5.8 per cent in the following financial year.
Washington: The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to...</p>
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<br><small>January 9, 2020</small>
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The Centre-State conflict over CAA in some places may lead to a fresh debate on the federal question
The recent political developments around the Citizenship (Amendment) Act (CAA) and the National Register of Citizens (NRC) have revealed some of the most significant crevices of Indian...</p>
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<br><small>January 8, 2020</small>
<p style="padding-top: 6px;">
-Livemint.com
The Centre will find that it pays to listen to those who have exit options but prefer to voice grievances
When and why do people protest? Why do they protest over some issues but not others? These questions have come up since the Citizenship (Amendment) Act...</p>
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<br><small>January 8, 2020</small>
<p style="padding-top: 6px;">
-The Indian Express
Business investment grew by less than 1 per cent, which bodes ill for India's long-term growth.
According to the data released by the Ministry of Statistics and Programme Implementation (MoSPI), India’s gross domestic product will grow by just 5 per cent in the current...</p>
<a href="https://im4change.in/latest-news-updates/explained-why-even-the-government-expects-india039s-gdp-to-grow-at-5-this-year-udit-misra-4688783.html"
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LATEST NEWS UPDATES | Reality check: on govt projecting slower GDP growth </title>
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Misplaced optimism needs to cede ground to tangible policy interventions
The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO)..."/>
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Misplaced optimism needs to cede ground to tangible policy interventions
The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic...</p>
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<br><small>January 9, 2020</small>
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The World Bank said India's growth rate was likely to recover to 5.8 per cent in the following financial year.
Washington: The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to...</p>
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<br><small>January 9, 2020</small>
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The Centre-State conflict over CAA in some places may lead to a fresh debate on the federal question
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<br><small>January 8, 2020</small>
<p style="padding-top: 6px;">
-Livemint.com
The Centre will find that it pays to listen to those who have exit options but prefer to voice grievances
When and why do people protest? Why do they protest over some issues but not others? These questions have come up since the Citizenship (Amendment) Act...</p>
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<br><small>January 8, 2020</small>
<p style="padding-top: 6px;">
-The Indian Express
Business investment grew by less than 1 per cent, which bodes ill for India's long-term growth.
According to the data released by the Ministry of Statistics and Programme Implementation (MoSPI), India’s gross domestic product will grow by just 5 per cent in the current...</p>
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LATEST NEWS UPDATES | Reality check: on govt projecting slower GDP growth </title>
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Misplaced optimism needs to cede ground to tangible policy interventions
The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO)..."/>
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Misplaced optimism needs to cede ground to tangible policy interventions
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Misplaced optimism needs to cede ground to tangible policy interventions
The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic...</p>
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<br><small>January 9, 2020</small>
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The World Bank said India's growth rate was likely to recover to 5.8 per cent in the following financial year.
Washington: The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to...</p>
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<br><small>January 9, 2020</small>
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The Centre-State conflict over CAA in some places may lead to a fresh debate on the federal question
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<br><small>January 8, 2020</small>
<p style="padding-top: 6px;">
-Livemint.com
The Centre will find that it pays to listen to those who have exit options but prefer to voice grievances
When and why do people protest? Why do they protest over some issues but not others? These questions have come up since the Citizenship (Amendment) Act...</p>
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<br><small>January 8, 2020</small>
<p style="padding-top: 6px;">
-The Indian Express
Business investment grew by less than 1 per cent, which bodes ill for India's long-term growth.
According to the data released by the Ministry of Statistics and Programme Implementation (MoSPI), India’s gross domestic product will grow by just 5 per cent in the current...</p>
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LATEST NEWS UPDATES | Reality check: on govt projecting slower GDP growth
-The Hindu
Misplaced optimism needs to cede ground to tangible policy interventions
The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic...
-PTI
The World Bank said India's growth rate was likely to recover to 5.8 per cent in the following financial year.
Washington: The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to...
-The Hindu
The Centre-State conflict over CAA in some places may lead to a fresh debate on the federal question
The recent political developments around the Citizenship (Amendment) Act (CAA) and the National Register of Citizens (NRC) have revealed some of the most significant crevices of Indian...
-Livemint.com
The Centre will find that it pays to listen to those who have exit options but prefer to voice grievances
When and why do people protest? Why do they protest over some issues but not others? These questions have come up since the Citizenship (Amendment) Act...
-The Indian Express
Business investment grew by less than 1 per cent, which bodes ill for India's long-term growth.
According to the data released by the Ministry of Statistics and Programme Implementation (MoSPI), India’s gross domestic product will grow by just 5 per cent in the current...
