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Inadequate data on jobs a policy hurdle: Joshi panel

-Hindustan Times Creation of jobs, or the lack of a sufficient number of them, has moved to the centre stage of political discourse ahead of the upcoming general elections. New Delhi: The National Democratic Alliance (NDA) government’s National Career Portal — the revamped employment exchange — managed to find 707,000 jobs in 2016-17, or jobs for just 1.8% of the 39.1 million people registered with it, Parliament’s Estimates Committee has observed, HT...

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A self-goal for India -Santosh Mehrotra

-The Hindu There are substantive reasons for the questions being raised about the new GDP back series Without in any way impugning the integrity of the Central Statistics Office (CSO), most knowledgeable people are asking: if most important indicators of the Indian economy were better in 2004-2014, how is the GDP growth rate higher in estimates just released (7.4% per annum since 2014 and only 6.7% per annum in 2005-2014)? This is...

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Decoding the CSO's backcasting of national income data -KR Srivats

-The Hindu Business Line ‘GDP growth rates for 2004-11 were bound to come down’ New Delhi: “You can slice and dice the data anyway you want, but India’s GDP growth rates between 2004 and 2011 were bound to come down in the backcasting computation effort,” said TCA Anant, former Chief Statistician of India. When the new base year of 2011-12 came out, the Central Statistics Office (CSO) had documented and recognised that the...

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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...

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Rajasthan's Unorganised Gems and Jewellery Industry May Want to Punish BJP -Shruti Jain

-TheWire.in Several people who worked in the industry say demonetisation and the GST crippled their business. Jaipur: However much the Bhartiya Janta Party (BJP) may wish to overlook the impact of demonetisation and the Goods and Services Tax on the unorganised gems and jewellery sector in Rajasthan, the workers and households who bore the brunt of the twin economic policies are resolute in their decision to vote the BJP out of power. The...

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