-Frontline.in Recently released data from the CSO, which claimed that demonetisation had had no significant impact on the performance of the economy, raise more questions than provide answers. Official data released by the Central Statistical Organisation (CSO) on the last day of February, which claimed that the national gross domestic product (GDP) rose by 7 per cent in the October-December period, the third quarter of 2016-17, came as a morale booster...
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Demonetisation and the GDP: knock-out punch or mild tap? -Aarati Krishnan
-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...
More »Budget expectations for rural sector
Amidst uncertainty over India's performance in terms of agricultural production and livelihood security of rural population, the Union Budget of 2016-17 will be presented by Finance Minister Shri Arun Jaitley on 29 February. Given the extent of drought in more than 10 states of India during 2015-16, it is expected that the NDA Government will allocate more resources for rejuvenating the rural sector. Since the country has seen two years of...
More »Growth data send conflicting signals
-The Hindu The latest GDP data released by the Central Statistics Office (CSO) raise more questions than they answer. While on the face of it, the projection of 7.6 per cent growth at constant prices for the fiscal year ending March 31 sounds both attainable and impressive, a closer look at the other sets of numbers, including the third-quarter reading, raises some flags. The pace of economic expansion is estimated to...
More »Are headline agricultural growth numbers misleading? -Ishan Bakshi
-Business Standard Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops All signs point to the growing distress in rural areas. The rainfall deficit currently stands at 15 per cent of its long-term average. If the situation persists, this year's monsoon could end up being the worst in nearly three decades, say experts. Poor rainfall has also depleted water reservoirs levels, which is likely to...
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