-The Indian Express Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India’s growth story. India’s fourth quarter GDP growth (calendar year 2019) printed another sub-5 per cent growth rate. It would have been lower had it not been for the large downward revisions to previous...
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Stories of Change: Case Study Challenge 2019-2020 -Azim Premji University
-Azim Premji University 2019-20 Modern India has a history of a vibrant and active social sector. Many local development organisations, community organizations, social movements and non-governmental organisations populate the space of social action. Such organisations imagine a different future and plan and implement social interventions at different scales, many of which have lasting impact on the lives of people and society. However, their efforts and, more importantly, the learning from these...
More »India's GDP story gets topsy turvy with revisions in past data -Sushant Hede
-TheWire.in Significant downward revision in GDP growth during Q1 and Q2 of FY19 has been one of the key reasons for boosting GDP growth in the corresponding quarters of FY'20. India’s gross domestic product (GDP) estimation by the Central Statistics Office (CSO) has been a story of upward and downward revisions in the last year. While the GDP for Q3-FY’20 is estimated at 4.7%, its slowest pace in almost seven years, what is...
More »NSO will not release report showing first decline in consumer expenditure in 40 years -Somesh Jha
-TheWire.in Consumer spending surveys help set the Base year for key macroeconomic data, including gross domestic product. New Delhi: More than a month after National Statistical Commission (NSC) chairman Bimal Kumar Roy said the official survey report showing a dip in consumer spending for the first time in over four decades would be made public, the autonomous data body decided against releasing the report. When asked why the NSC departed from its earlier...
More »Centre's decision on revenue deficit grant fails to cheer State -NJ Nair
-The Hindu Concerned over time and quantum of funds to be devolved over the years Even after the Centre accepting the Union Finance Commission’s revenue deficit grant award of Rs. 74,000 crore, the State government is concerned over the time and quantum of funds to be devolved over the years. The concern is largely based on the Centre’s practice of slashing the grant progressively in the previous years. Citing financial constraints, if the...
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