-The Telegraph Without simultaneous steps to raise productivity, passive acceptance of lost competitiveness has shaped India's approach India’s last-minute withdrawal from the Regional Comprehensive Economic Partnership agreement has elicited much commentary. That it happened after exciting positive signals from senior government functionaries amidst vociferous opposition by noted lobby groups surprised all. A sizeable segment, however, backs the retreat, noting India’s current economic situation and low competitiveness to describe it as economic and...
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Centre withholds consumer expenditure survey citing data quality issues
-PTI Government's statement comes after a report has claimed the survey results were put on hold owing to its "adverse" findings. The Statistics and Programme Implementation Ministry (MOSPI) on Friday said it has decided not to release the Consumer Expenditure Survey results of 2017-18 due to data quality issues. The MOSPI also mentioned that an expert panel has recommended that 2017-18 would not be an appropriate fiscal to be used as a base...
More »Q2 GDP growth to decline to 4.9 per cent: NCAER
-PTI India’s economy grew at 5 per cent in the first quarter of 2019-20 New Delhi: Economic think-tank, National Council of Applied Economic Research (NCAER), said that India’s GDP growth is likely to decline to 4.9 per cent in the second quarter of this fiscal due to sustained slowdown in virtually all the sectors. India’s economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over...
More »Consumer spending falls for first time since 1973 due to low rural demand: NSO data
-India Today The NSO report claims the consumer spending in villages for FY18 dipped by 8.8, whereas, it rose by 2% in cities over six years Consumer spending dropped for the first time since 1973 on weak rural demand, according to National Statistical Office (NSO). Latest consumption expenditure survey, titled 'Key Indicators: Household Consumer Expenditure in India', reveals that the average sum of money a person spends in a month dropped by 3.7%...
More »Never the twain shall meet: Why gap between WPI and CPI based inflation widening -Asit Ranjan Mishra
-Livemint.com Why is retail inflation then touching new heights? It is mainly because CPI and WPI are two different sets of indicators with varied compositions While the retail inflation as measured by the Consumer Price Index (CPI) touched a 16 month high at 4.62% in October, the wholesale price inflation measured by the Wholesale Price Index (WPI) is at the verge of entering the negative territory. The gap between the two is...
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