-Hindustan Times These sectors deserve consistent support over time to compete internationally since India is lagging behind Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991. By contrast, in east and south-east Asia, the industry share has exceeded 30-40% while manufacturing is 20-30%. India’s manufacturing share of GDP has not moved up at all, though between 2004-05 and 2011-12 manufacturing employment growth was...
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A Simmering Unemployment Crisis in India -Shaguna Kanwar
-TheWire.in Amongst all the criticism, the Centre has been tight-lipped about employment data post demonetisation. The issue of ‘unemployment’ is being widely discussed across India. The National Sample Survey Office (nssO) data for 2017–2018 says that the unemployment rate hit 6.1%, the highest in 45 years. Even the opposition has intensified its criticism of the present government, which had promised to create 2 crore jobs each year. In a recent interview, in response...
More »Of shells, companies and GDP -R Nagaraj
-The Hindu The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office (nssO) survey for 2016-17 that has just been released. Since such entities could be shell/fake/bogus companies included in the MCA-21 database of “active” companies used for estimating the gross domestic...
More »FinMin says GDP overestimation due to MCA data a 'misconception'
-Business Today A release from the government said that media has misinterpreted the out-of-survey enterprises to be enterprises that do not exist in the economy report. Refuting charges that the GDP numbers put out by the government may be over-estimated due to 'shell' companies which are untraceable, the government has said that the extent of overestimation of GDP in all likelihood is marginal. Clarifying the problem pointed out by the Technical Report of...
More »GDP scare
-The Hindu Business Line Fears over shell companies inflating the GDP are overdone, but the CSO needs to be more transparent in its methods Just as the dust was settling on the controversy over the Centre deferring the release of nssO’s labour force survey which showed unemployment numbers in an unflattering light, a new one has broken out on the veracity of the MCA-21 database used in GDP calculations. The economic commentariat...
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