-The Indian Express “Incomes” not rising, due to low crop prices and stagnating wages, has more than offset any “asset” gains in the recent period, which also probably explains the party’s heavy losses in the three states it ruled, Madhya Pradesh, Rajasthan and Chhattisgarh. New Delhi: The big rural economy takeaway for the BJP from the just-concluded assembly elections is that mere asset creation — building roads, houses and toilets or...
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Question mark over CSO's independence -Dennis Rajkumar
-The Hindu Business Line The sharp cut in back-series growth rates for some years in methodologically unsound. It suggests political interference The recent release of the back series of national income has raised a series of controversial reactions. It is understandable for, the gross domestic product (GDP) numbers and the resulting growth estimates provide analytically useful, more powerful than commonly understood, perspectives encompassing not only economic but also social and political spheres. To...
More »Three years ago, key statistics panel revised UPA growth up, Niti Aayog rejected it -P Vaidyanathan Iyer
-The Indian Express Then Chief Statistician T C A Anant confirmed that the release of data was withheld. “Niti Aayog had issues with a particular proxy we used for corporate sector growth estimates,” Anant told The Indian Express. In what adds a fresh twist to the controversy over the downward revision of UPA growth data, it is now learnt that almost three years ago, the Central Statistics Office (CSO), in the...
More »The architecture is not the force -Pulapre Balakrishnan
-The Hindu How a business friendly government has failed to arrest the slide in private investment It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy’s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an...
More »Demonetisation and agrarian crisis exposed consequences of financial exclusion: Report
-PTI NEW DELHI: The sudden move to demonetise a bulk of Indian currency in circulation and the deteriorating agrarian distress in the country have exposed the consequences of financial exclusion, said a report released Tuesday. The India Exclusion Report 2017-18, brought out by Centre for Equity Studies (CES), said people's ability to spend, receive wages and survive depended crucially on whether they were part of the banking system or not after 84...
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