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Arvind Subramanian's GDP bombshell: Prominent economists divided over maths

-The Financial Express After former Chief Economic Advisor Arvind Subramanian’s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. After former Chief Economic Advisor Arvind Subramanian’s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to...

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NSSO Questions Quality of Key Database Now Used to Calculate GDP

-TheWire.in A study has raised questions raised over the quality of the MCA-21 database, which is a crucial part of the new GDP series math. New Delhi: A National Sample Survey Office (NSSO) report has highlighted deficiencies in key government database of Indian companies, an observation that economists say could have consequences for the credibility of India’s GDP numbers. A technical study conducted by the NSSO between June 2016 and June 2017,...

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New GDP series faces fresh questions after NSSO discovers holes -Pramit Bhattacharya

-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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Rural distress and demand up, NREG gets lowest wage hike for 2019-20 -Shalini Nair

-The Indian Express With effect from April 1, rural NREG labourers in six states and Union territories will see no annual increase in their daily wages this financial year while workers in another 15 states will get a daily wage hike of between Re 1 and Rs 5. New Delhi: For the year 2019-20, the Ministry of Rural Development notified state-wise wages for unskilled manual workers under the Mahatma Gandhi National...

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Transformation of Indian Agriculture? Growth, Inclusiveness and Sustainability -S Mahendra Dev (IGIDR)

-Indira Gandhi Institute of Development Research, Mumbai, December 2018 (WP-2018-026) There are three goals of agricultural development in India. These are: (a) achieving high growth by raising productivity; (b) inclusiveness by focusing on lagging regions, small farmers and women; and (c) sustainability of agriculture. In this paper, we will address two questions: (a) How far India progressed in the three goals of agriculture in recent decades? (b) What are the policies...

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