The Ministry of Agriculture and Farmers Welfare has contended that the growth in real Gross Value Added (GVA) by the agrarian sector will not decline in 2017-18 vis-à-vis 2016-17 as has been predicted by the Central Statistics Office (CSO). The first advance estimates of CSO show that the growth rate in GVA at basic price (at 2011-12 prices) of the 'Agriculture, forestry & fishing' sector is likely to dip from 4.9...
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TCA Anant, Chief Statistician of India and Secretary -- MOSPI, interviewed by Vikas Dhoot and TCA Sharad Raghavan (The Hindu)
-The Hindu The Chief Statistician of India on the economy, the meaning of the new series of GDP data, and the need to wait for the impact of demonetisation to unfold T.C.A. Anant is the Chief Statistician of India, and Secretary, Ministry of Statistics and Programme Implementation. He has been in charge of several notable changes in the way economic data has been recently presented, including the new GDP and Gross Value...
More »Declining bank credit indicates poor economic performance
Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...
More »India's laggard states need a bigger infrastructure push -Sachin P Mampatta and Tadit Kundu
-Livemint.com Little has changed in terms of infrastructure gap between India’s rich and poor states between 2005-06 and 2014-15 From expressways in Uttar Pradesh to road tunnels in Jammu and Kashmir, large infrastructure projects are showcased by state governments as examples of development politics. Have these efforts been successful in bridging the infrastructure gap between Indian states? A look at the changes in the Mint state infrastructure index between 2005-06 and 2014-15 shows...
More »More effort is needed for irrigation & efficient water-use, says latest agricultural report
Expanding irrigation network in the country is considered as essential to raise agricultural production in the face of increased frequency of droughts. However, a newly released report from the Ministry of Agriculture & Farmers Welfare shows that there has actually been a fall in the growth rate of net irrigated area during the recent two decades. The report entitled State of Indian Agriculture 2015-16 reveals that the growth rate in...
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