-Frontline.in Recently released data from the CSO, which claimed that demonetisation had had no significant impact on the performance of the economy, raise more questions than provide answers. Official data released by the Central Statistical Organisation (CSO) on the last day of February, which claimed that the national gross domestic product (GDP) rose by 7 per cent in the October-December period, the third quarter of 2016-17, came as a morale booster...
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India must be careful:?Jobless growth can lead to social unrest
-Hindustan Times With the assembly elections over, one of the big issues which will hog public attention in the coming days is the Jat agitation. Before leaving Delhi after their protests on March 1, the Jats promised to come back on March 20 and convert the city into “Jat land”. Whether they will manage to do that or not only time will tell but the reasons for their anger --- lack...
More »Quarterly GDP Estimation: Can It Pick Up Demonetisation Impact? -R Nagaraj
-Economic and Political Weekly R Nagaraj (nag@igidr.ac.in) is with the Indira Gandhi Institute of Development Research, Mumbai. The latest quarterly estimates of gross domestic product by the new National Accounts Statistics methodology are once again in the news for the wrong reasons. With inadequate accurate information available on a quarterly basis, the estimates hardly represent the state of the economy and reflect the effects of demonetisation over the October–December 2016 period. Please click...
More »Demonetisation and the GDP: knock-out punch or mild tap? -Aarati Krishnan
-The Hindu The CSO has been consistent with its methods, allowing little room for suspicion of window dressing. Did demonetisation deal a knock-out punch to the Indian economy? Or was it just a mild tap from which it is already recovering? This debate should have been settled with the latest second advance estimates from the Central Statistics Office (CSO) which peg FY17 GDP growth at 7.1%. But commentators who believe that the economy...
More »The Latest GDP Estimates: 'Shameful Use of a Govt Body for Propaganda' Prabhat Patnaik
-TheCitizen.in NEW DELHI: Perhaps no other public policy debate in post-independence India has seen as much of an “inversion of reason” on the part of the government as the demonetization debate. When critics were pointing, on the basis of government statistics themselves, to the palpable failure of the demonetization measure to achieve its purported objective, which was to cripple the black economy, the government kept harping, in its justification, on the extraordinary...
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