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Achchhe din's worst day

-The Telegraph The Central Statistics Office reported today that economic growth sank to a three-year low at 5.7 per cent, striking at the core of Prime Minister Narendra Modi's promise of achchhe din. The sharp slowdown is a result of the two biggest disruptive measures taken by the Modi government: demonetisation and the goods and services tax. The double whammy has badly crimped factory output and squeezed the services sector. The GDP growth...

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Diane Coffey, visiting researcher at Indian Statistical Institute (Delhi) and also assistant professor at the University of Texas at Austin, interviewed by Sagar (CaravanMagazine.in)

-CaravanMagazine.in In mid 2011, Diane Coffey and Dean Spears, both visiting researchers at Economics and Planning Unit of Indian Statistical Institute in Delhi and also assistant professors at the University of Texas at Austin, moved to Sitapur, a district in Uttar Pradesh, to conduct a study on poor early-life health and process of stunting among many Indian children. While Coffey attempted to understand the challenges of raising a baby in the...

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Declining bank credit indicates poor economic performance

Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...

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For farmers today, grass is 'greener' than rice and pulses -Subodh Varma

-The Times of India Growing grass and selling it in the market may be more profitable than cultivating crops like wheat, rice, pulses or oilseeds. This bizarre conclusion, a reflection of the desperate conditions of Indian farmers, can be reached if one looks at how the value of various crops has changed over the last five years. Between 2011-12 and 2015-16, the total value of cereals and pulses produced in the country went...

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DeMolished India's top rank -Jayanta Roy Chowdhury and R Suryamurthy

-The Telegraph New Delhi: India is no longer the fastest-growing major economy in the world: it has lost its bragging rights to China. The Central Statistics Office (CSO) today put out its provisional estimates on national income that showed real GDP growth had tumbled to 6.1 per cent in the fourth quarter (January-March). That is considerably slower than the 6.9 per cent growth that the resurgent Chinese economy racked up during the same...

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