-The Indian Express Manufacturing growth is seen slowing to 2.0 per cent in 2019-20 from 6.9 per cent last year, while construction is expected to post a growth of 3.2 per cent in 2019-20 from 8.7 per cent last year. WITH A sharp slowdown in manufacturing and construction, and the only major support coming from government expenditure, the Gross Domestic Product (GDP) growth rate is seen slumping to 5.0 per cent, the...
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MoSPI constitutes Standing Committee on Economic Statistics headed by Pronab Sen
-PTI The first meeting of the SCES is scheduled on January 6, 2020 The statistics ministry has constituted a 28 member Standing Committee on Statistics (SCES) chaired by former Chief Statistician Pronab Sen to improve quality of data amid criticism of the government over political interference. “The first meeting of the SCES is scheduled on January 6, 2020. The agenda would be very broad based. We will come to know about that only...
More »The cost of food
-The Indian Express Return of food inflation may not allow RBI to further slash interest rates but opens up room for delayed reform Retail food inflation crossing 10 per cent, the first time in nearly six years, isn’t good news for an economy already mired in a deep slowdown. The suddenness of the increase (from under 3 per cent in August to 10 per cent-plus in November) and the fact that the...
More »Govt releases 5 survey reports after uproar, holds back study it junked -Somesh Jha
-Business Standard Scholars across the world had appealed for the survey reports, including one on household consumer expenditure. The Union government on Saturday released five sets of survey reports on key socio-economic trends, most of which were approved but withheld. The junked consumer expenditure survey was not among these. The Ministry of Statistics and Programme Implementation (MoSPI) released the survey reports, ‘Household Social Consumption in India: Health’ and ‘Household Social Consumption in India:...
More »On top of slowdown, prices are now zooming up -Subodh Varma
-Newsclick.in The Modi government seems to have lost all control over the economy – or perhaps, was never in control. The Narendra Modi-led Bharatiya Janata Party government has been proclaiming ad nauseum that it has kept prices of essential items under control throughout its rule since 2014. That the prices of some commodities, especially food items, did not rise constantly is a fact, although for many other commodities, like fuel, prices did...
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