-The Hindu COVID-19 could impact final numbers, says the National Statistical Office. India’s gross domestic product (GDP) is expected to grow by 9.2% in the current financial year following last fiscal’s 7.3% contraction, the National Statistical Office (NSO) said in its first advance estimates of economic output released on Friday, amid concerns over the likely impact of a third wave of the COVID pandemic. The NSO, however, made clear that these were “early...

-TheWire.in A claim of an 8.4% real GDP growth rate has little relevance even as rural India battles plummeting wage levels, depleted incomes and widespread unemployment. With the release of the GDP figures for the quarter ending September, the government machinery has been in full swing advancing the narrative that economic growth is indeed back on track. However, sorely missing from these narratives is the inconvenient factoid on the currently dismal state of...

-The Hindu Business Line Registration with regulator a must; may inspect units Meenakshi Verma Ambwani To ensure the import of safe food products, the FSSAI has notified a new regulatory framework for foreign facilities that bring food items to India. Under the regulations, foreign food manufacturing facilities that make products in certain categories for export to India will need to register with the Food Safety and Standards Authority of India and may also...

-Livemint.com Value-addition per worker needs to rise sharply in several fields for the country to enhance prosperity and reduce inequality It is known that productivity is the key to economic prosperity. How do we raise the productivity of service workers? This is one of the biggest challenges that India faces which hasn’t yet received much attention. Why is this important? First, low and medium-productivity service sectors (services except real estate, business and professional...

-Hindustan Times Workers who have registered so far belong to diverse occupations, such as construction, apparel manufacturing, fishing, gig and platform work, street vending as well as domestic work. Nearly half of 40 million workers of the country’s informal economy registered on a recently launched national portal are women, and most workers regardless of gender are from disadvantaged castes, official data that shines new light on India’s invisible unorganised labour force shows. Trends...