-PTI NEW DELHI: The government on Wednesday lowered the country's economic growth rate during the previous Congress-led UPA regime, shaving off over 1 percentage point from the only year when India posted double-digit GDP growth post liberalisation and from each of the three years with 9-plus per cent expansion. Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office (CSO) estimated that India's GDP...
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Back series data trim GDP growth rates for FY05-12 -KR Srivats
-The Hindu Business Line But the economy size gets a bump-up under new base year New Delhi: It’s official now. The government-initiated recalibration of the economy for the years 2004-05 to 2011-12, based on the new base year 2011-12, paints a somewhat less cheerful picture on the GDP growth front for these years. However, the new methodology of changed base year (2011-12) with the latest data sources and improved coverage has bumped up...
More »Margins of New India -Christophe Jaffrelot & Kalaiyarasan A
-The Indian Express Adivasis in Madhya Pradesh and Chhattisgarh are doing poorly, economically and educationally. Chhattisgarh and Madhya Pradesh are among the four Indian states — other than those in the Northeast — with more than 20 per cent Adivasi population. Chhattisgarh, in fact, has an Adivasi population of more than 30 per cent. However, the Scheduled Tribes (STs) have hardly found a mention in the election campaigns in the two...
More »Why farms of every type and size have to be climate smart
-Hindustan Times This climate impact on agriculture is a cause for worry: the sector accounts for a large share in gross domestic product (16%) and employment (49%). Poor agricultural performance can lead to high inflation, rural distress, and political restiveness, as recent rural agitations and farmer suicides have shown. An annual review by the Indian Council of Agricultural Research (ICAR), a wing of the agriculture ministry, has said that crops, plantations...
More »Demonetisation: Is data being cherry-picked to show note ban delivered? -Rupa Subramanya
-Financial Express Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? In other words, have the tax base and tax revenue increased substantially due to demonetisation? Minister of finance Arun Jaitley, and assorted defenders of the government, do make these claims. Writing in...
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