-Livemint.com In the last decade, the rural constituent has emerged an important factor for overall private final consumption, which forms more than half (55-60% range) of India’s demand side GDP An above-average monsoon is commonly expected to be a key demand driver in 2016-17. Gross domestic product (GDP) forecasts for the year incorporate a revival in rural consumption—a segment that suffered severe setback from two successive years of adverse rainfall. In...

-Business Standard As economic growth came in at 7.9 per cent in the fourth quarter of 2015-16, many argue that much of it could be attributed to discrepancies. Chief Statistician of India T C A Anant dispels these notions. He tells Dilasha Seth and Indivjal Dhasmana that the principal method of calculating the gross domestic product (GDP) is by taking into account the production-side estimates and not an expenditure one. Edited...

-The Hindu Business Line It should apply to long-term rather than short-term loans, to prevent funds misuse and promote capital formation The Budget 2016-17 witnessed an increase of Rs. 2,000 crore in the allocation towards interest subsidy for short-term credit (i.e. crop loan) to farmers, compared with the revised estimate for 2015-16, thereby making a total provision of Rs. 15,000 crore towards interest subsidy. In fact, of the total allocation of Rs. 35,984...

-The Indian Express Convert crisis into opportunity: Shift from supply side augmentation to demand side management. Scattered “mango rains” have brought a little respite from scorching heat in certain places. Earlier, IMD’s forecast of above normal monsoon rains had given some hope for forthcoming acche din. Yet, a sizeable part of India is still smouldering under the grip of a drought. Bundelkhand and Marathwada are just samples, but in reality more...

-Livemint.com Have inequalities in educational access in India diminished in recent times? An NSSO survey offers some clues Education has for long been the key to moving up the economic and social ladder. There can be no equality of opportunity without access to quality education. Have inequalities in educational access in India diminished in recent times? The National Sample Survey Organisation’s (NSSO) most recent survey on education (71st round) conducted during...