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The safety net of the future -Pranab Bardhan

-The Indian Express Insecurity, more than poverty or indebtedness, is the key economic issue that politicians must address If social inequality is the most acutely felt social problem in India, insecurity, more than poverty, is the most acutely felt economic problem. While most measures suggest that only around one-fifth of the population today is under the official poverty line, large sections of those even much above that line are subject to...

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Statement of intentions

-The Hindu Business Line NITI Aayog’s document sets out economic goals, but there’s no roadmap The NITI Aayog’s Strategy for New India @75 lays out a checklist of priorities for economic policy-makers over the next three years. It sets out as an immediate priority, the ramping up of the investment rate to 36 per cent of the GDP by 2022, from 29 per cent at present in order to hit a growth...

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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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Three years ago, key statistics panel revised UPA growth up, Niti Aayog rejected it -P Vaidyanathan Iyer

-The Indian Express Then Chief Statistician T C A Anant confirmed that the release of data was withheld. “Niti Aayog had issues with a particular proxy we used for Corporate sector growth estimates,” Anant told The Indian Express. In what adds a fresh twist to the controversy over the downward revision of UPA growth data, it is now learnt that almost three years ago, the Central Statistics Office (CSO), in the...

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The architecture is not the force -Pulapre Balakrishnan

-The Hindu How a business friendly government has failed to arrest the slide in private investment It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy’s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an...

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