-Livemint.com * GDP estimates are based on accepted methodologies, says government * Subramanian made the claims in his latest working paper published on the Harvard University website New Delhi: India’s statistics ministry likely underestimated the impact of demonetization and the rollout of the goods and services tax (GST) on economic activity, leading to an overestimation of gross domestic product (GDP) figures, the finance ministry’s former chief economic adviser, Arvind Subramanian, has said. On 31...

-Business Standard This has reignited the debate on the accuracy of India's GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general In a research paper that analyses data on 17 different economic indicators in the real sector, former chief economic advisor of India Arvind Subramanian has said that India’s real gross domestic product (GDP) growth “was more likely to have been between...

-The Hindu Business Line This method is more productive and cost effective in agriculture, which accounts for 80% of the water consumed Water scarcity has now reached a new level in India. While severe drinking water scarcity is noticed commonly everywhere, farmers are facing a lot of difficulties in cultivating crops with reduced water availability in different regions. What is worrying is that water scarcity is expected to aggravate further in the...

-The Economic Times The government must extend benefits of the PM Kisan scheme to landless farmers and farm workers, said Ajay Vir Jakhar, chairman of the Bharat Krishak Samaj. Promote agri- startups particularly in rural regions, expand micro-irrigation, treat solar energy as third crop to augment income of farmers and enact labour reforms to push creation of off-farm jobs, were few of the suggestion which representatives of the agricultural and rural development...

-The Indian Express Raising farm productivity is the first step to increasing rural demand and reviving the manufacturing sector As per the last report of National Statistical Office (NSO) released on May 31, the Gross Value Added (GVA) at basic prices (2011-12 prices) for the fourth quarter (Q4) of 2018-19 has slumped to 5.7 per cent for the overall economy, 3.1 per cent for manufacturing, and -0.1 percent for agriculture, forestry...