-TheWire.in The new back-series GDP data, released four months before the 2019 general elections, fails several common sense tests. India’s back-series GDP (gross domestic product) data, released by the NITI Aayog just four months before the 2019 general elections, turn the basic laws of macroeconomics on their head. Here’s one that is most intriguing. The data show lower GDP growth during the UPA years, which is when the gross investment to GDP...
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The demand for a special Parliament session on the agrarian crisis makes sense
-Hindustan Times Political parties should come clear on what they think is the best way to address the farm crisis Delhi will witness yet another farmers’ protest on November 29 and 30. However, this protest is very different from the others in terms of the nature of demands. Farmers’ groups are demanding a special session of parliament to discuss two private member bills, namely The Farmers’ Freedom from Indebtedness Bill, 2018,...
More »As institutions change, so does data credibility
-Livemint.com An economy’s resilience and sustainability is best measured through its institutional strength The official back data on India’s gross domestic product (GDP), released by the Central Statistical Office (CSO) on Wednesday, runs the risk of denting the market’s trust and conviction in official data released by government agencies. The new data release contradicts the earlier findings of a committee set up by National Statistical Commission to develop a methodology for deriving...
More »Forest rights hold the key -Arvind Khare
-The Hindu Why it could impact the results in Madhya Pradesh and Chhattisgarh Pundits are busy speculating about winners and losers in Madhya Pradesh and Chhattisgarh. We will know for sure soon, but do past trends give any insight and is there something new this time? Past trends in both States have been nothing short of dramatic, and this drama has always played out in the tribal reserved constituencies in M.P. Between the...
More »Ahead of 2019 polls, govt slashes GDP growth rate during UPA era
-PTI NEW DELHI: The government on Wednesday lowered the country's economic growth rate during the previous Congress-led UPA regime, shaving off over 1 percentage point from the only year when India posted double-digit GDP growth post liberalisation and from each of the three years with 9-plus per cent expansion. Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office (CSO) estimated that India's GDP...
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