-The Hindu An RBI panel’s suggestions on the MSME sector cut to the heart of crucial issues The micro, small and medium enterprises (MSME) sector in India is not only a key engine of growth, contributing more than 28% of the GDP and about 45% to manufacturing output. It is also a true reflection of economics where people really matter. Providing employment to about 111 million people, the sector’s health is crucial...

-Down to Earth Farmers and farm labourers, who want to quit agriculture, are stuck in the non-remunerative work since other sectors are not generating jobs at the required rate We are fairly sure by now that the upcoming Budget would be the first government instrument towards the prime minister’s ambitious plan of making India a $5 trillion economy by 2024. Currently, India is nearly a $2.8 trillion economy. It is obvious we...

-Newsclick.in After economic liberalisation, barring a brief hiatus, the growth rate has scarcely moved up compared with earlier, with manufacturing -- the sector that counts most -- often logging lower growth than before. The “gross domestic product” (GDP) is a concept rooted in an epistemic position which is intrinsically incapable of recognising the existence of a “surplus” in society. A simple example will make this clear. Suppose we have an agrarian economy...

-Livemint.com * GDP estimates are based on accepted methodologies, says government * Subramanian made the claims in his latest working paper published on the Harvard University website New Delhi: India’s statistics ministry likely underestimated the impact of demonetization and the rollout of the goods and services tax (GST) on economic activity, leading to an overestimation of gross domestic product (GDP) figures, the finance ministry’s former chief economic adviser, Arvind Subramanian, has said. On 31...

-The Indian Express While official estimates have pegged average annual growth at around 7 per cent during this period, actual GDP growth is likely to have been lower, at around 4.5 per cent, says Subramanian New Delhi: In the midst of a raging controversy over India’s economic growth under the new GDP series, former Chief Economic Adviser Arvind Subramanian has concluded that the country’s growth has been overestimated by around 2.5...