-IANS The former CEA says he does not think anyone disputes that demonetisation slowed growth. Demonetisation was a massive, draconian, monetary shock that accelerated economic slide to 6.8% in the seven quarters after it against the 8% recorded prior to the note ban, says former Chief Economic Advisor Arvind Subramanian. Breaking his silence on the November 8, 2016 decision of Prime Minister Narendra Modi, he says that he does not have a strongly-backed...
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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 »Ahead of 2019 polls, govt slashes GDP growth rate during UPA era
-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...
More »Jean Dreze, development economist, interviewed by G Sampath (The Hindu)
-The Hindu The Indian education system would be a good place to start with reforms, says the development economist Jean Drèze is possibly the world’s most famous Belgian-Indian. He has lived in India since 1979, and is an Indian citizen. As a development economist and activist, he has helped draft some startlingly pro-people legislations, such as the Mahatma Gandhi National Rural Employment Guarantee Act, 2005, and the National Food Security Act, 2013....
More »Demonetisation has not worked, no two views about it: Bimal Jalan -V Kumara Swamy
-The Telegraph Former RBI governor chats about economy, RBI-Centre standoff and his latest book Even 15 years after quitting the Reserve Bank of India (RBI), former governor Bimal Jalan lapses into RBI-speak whenever he doesn’t want to say much on an issue. We are in Jalan’s office on the sixth floor of an apartment block, a few hundred metres from the Delhi headquarters of the RBI. At the very outset, he tells me...
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