-Livemint.com * A third of the firms in MCA-21 database used to calculate GDP found dodgy * Results from the MCA-21 database survey were so disappointing that two reports based on it had to be junked NEW DELHI: A key database introduced in India’s new gross domestic product (GDP) series has now been found to be full of holes, raising fresh questions over the controversial and contested GDP numbers in Asia’s third-largest economy. A...
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Why is northeast India drying up rapidly? -Aswathi Pacha
-The Hindu Decreasing monsoon rainfall is associated with natural changes in the subtropical Pacific Ocean Northeast India, one of the wettest places on the Earth has been experiencing rapid drying, especially in the last 30 years. Some places which used to get as high as 3,000 mm of rain during the monsoon season have seen a drop of about 25-30%. A team of Researchers from the Indian Institute of Tropical Meteorology, Pune, and...
More »Growth in Agri GVA deflator saw a rising trend between 2005-06 & 2009-10, despite using different sources of back-series data
The year-on-year (y-o-y) growth rate in Agri Gross Value Added (GVA) deflator (an alternative measure of inflation) shows a rising trend between 2005-06 and 2009-10. In other words, price rise pertaining to the agrarian sector accelerated during the period under discussion. This particular trend has been observed irrespective of whether one uses the GVA/GDP back-series data (Base 2011-12=100) that was computed by the National Institution for Transforming India Aayog (NITI Aayog)...
More »The anatomy of India's middle class -Nikita Kwatra
-Livemint.com Contrary to the assumption that the middle class is an urban phenomenon, a considerable segment of the Indian middle class resides in rural areas, finds a new study The size of the Indian middle class has always been at the heart of the narrative around India’s economic development. And yet the term middle class remains arbitrarily defined with estimates of its size and characteristics varying significantly based on subjective notions of...
More »Saurashtra woes: Policy change on check dams leads to water deficit -Shagun Kapil
-Down to Earth In the 1990s, non-profits and farmers themselves built check dams; today, the government does it, without proper Research or site selection Fifty-four-year old Dineshbhai Babariya has just harvested a 20 quintal cotton crop, his second harvest in the last one year in his four bigha (1.6 acre) farm in the Jasapar village of Gujarat’s Saurashtra region. August 2018 was the last time the village in Rajkot district received around 228...
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