-MoneyControl.com A government official defended the calculations saying that since the tax collections match up with the database, it is not unusable. Prominent statisticians have dismissed fresh concerns on growth projections raised by a National Sample Survey Office (nssO) study. An article in The Hindu quoted statisticians as saying the discrepancies pointed out by nssO in the new Ministry of Corporate Affairs (MCA-21) database will have no major impact on growth. The government...
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Leaving out shell companies would seriously underestimate GDP: Former Chief Statistician -Dipak Mondal
-BusinessToday.com According to the Ministry of Corporate Affairs (MCA) there are around 9 lakh active companies are registered with the MCA after over 3.3 lakh companies were de-registered in two phases over 2017 and 2018 The National Sample Survey Office (nssO) has found many holes in MCA-21 data used for GDP calculation, hinting that it probably overestimates the GDP. The former Chief Statistician of India Pronab Sen, though, has a completely different...
More »New GDP series faces fresh questions after nssO discovers holes -Pramit Bhattacharya
-Livemint.com * A third of the firms in MCA-21 database used to calculate GDP found dodgy * Results from the MCA-21 database survey were so disappointing that two reports based on it had to be junked NEW DELHI: A key database introduced in India’s new gross domestic product (GDP) series has now been found to be full of holes, raising fresh questions over the controversial and contested GDP numbers in Asia’s third-largest economy. A...
More »The gender ladder to socio-economic transformation -Divita Shandilya
-The Hindu More than a ‘more jobs’ approach, addressing structural issues which keep women away from the workforce is a must India is in the middle of a historical election which is noteworthy in many respects, one of them being the unprecedented focus on women’s employment. The major national parties, the Bharatiya Janata Party and the Congress, have reached out to women, and their respective manifestos talk of measures to create more...
More »Meanwhile, on the Jobs Front -Subodh Varma
-Newsclick.in Latest CMIE data shows that unemployment rate continues to steadily climb up even as PM Modi and his party try to divert attention by talking about air strikes and ‘national security’. If ever there was a case of “Nero fiddling while Rome was burning” then India today is the best example. The country is going through one of its worst jobs crisis, well documented by several surveys and confirmed by reports...
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