-The Hindu The CSO has been consistent with its methods, allowing little room for suspicion of window dressing. Did demonetisation deal a knock-out punch to the Indian economy? Or was it just a mild tap from which it is already recovering? This debate should have been settled with the latest second advance estimates from the Central statistics Office (CSO) which peg FY17 GDP growth at 7.1%. But commentators who believe that the economy...
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The Latest GDP Estimates: 'Shameful Use of a Govt Body for Propaganda' Prabhat Patnaik
-TheCitizen.in NEW DELHI: Perhaps no other public policy debate in post-independence India has seen as much of an “inversion of reason” on the part of the government as the demonetization debate. When critics were pointing, on the basis of government statistics themselves, to the palpable failure of the demonetization measure to achieve its purported objective, which was to cripple the black economy, the government kept harping, in its justification, on the extraordinary...
More »Consumption mystery could be traced to piling up of inventories -Aanchal Magazine
-The Indian Express As per the methodology, since no direct data of expenditure is used, most of the GDP data is calculated based on output data The answer to the puzzling rise in Private Final Consumption Expenditure (PFCE) in the second advance estimate of GDP for 2016-17 despite the evident cash squeeze due to demonetisation may very well lie in the methodology used for calculating the new series of GDP. As per...
More »Holes in DeMo armour
-The Telegraph Mumbai: Prime Minister Narendra Modi could well choose to crow about the 7 per cent GDP growth in the third quarter of 2016-17 which, he believes, has blunted criticism about his demonetisation drive and its widely anticipated crippling impact on the economy. But analysts have started to focus attention on how the Central statistics Office (CSO) "cooked" the numbers of the third quarter of 2015-16 to make the growth rate...
More »Delhi: One girl raped every 12 hours, one crime against kids every hour -Karn Pratap Singh
-Hindustan Times Delhi was shamed again when a four-year-old girl was raped and murdered on Thursday afternoon. But such incidents are not new in a city that is also notoriously known as the rape capital of India. Three months ago, a four-year-old girl was brutalized and murdered, allegedly by her father’s friend. The culprit was captured on CCTV camera luring the girl to a secluded place. In April last year, an eight-year-old girl...
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