-PTI The Central Statistics Office (CSO) will be releasing the estimates for GDP growth for July-September on Friday. NEW DELHI: The Gross Domestic Product (GDP) growth in the September quarter is expected to decelerate to 7.5-7.6 per cent over the previous three-month period mainly due to slowdown in rural demand, a State Bank of India (SBI) research report said Monday. The GDP growth at constant prices (2011-12) was 8.2 per cent in the...
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The India that does not shine is bigger than the India that does -Anup Sinha
-The Telegraph The obsession with economic growth and the stock market hides other important facts about the condition of the economy Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both...
More »India loses natural resources to economic growth: report -Kiran Pandey
-Down to Earth 11 states have registered a decline in natural capital between 2005 and 2015 Growth doesn’t always come at a price. But it did when it comes to India’s economic growth, which took a toll on its natural assets like forests, food, clean air, etc. A report on environment accounts released by the Ministry of Statistics and Programme Implementation has revealed this state. In fact, it says that when the...
More »How state can support farmers in a smarter way -Ashok Gulati and Prerna Terway
-Financial Express While recently releasing the book, Supporting Indian Farms the Smart Way by Ashok Gulati, Marco Ferroni and Yuan Zhou, Arun Jaitley remarked that India needs a good blend of investments and subsidies in its agriculture policy. He said that, luckily, there are no severe constraints on resources to invest in rural areas, be it roads, water (irrigation), sanitation, and even housing. If he could include in this list of...
More »Why factory output figures are suspect -R Nagaraj
-The Hindu Business Line The MCA database, which underpins the jump in factory GDP, is unconvincing. The ASI method was set aside for wrong reasons In early 2015, the Central Statistical Office (CSO) introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year, replacing the earlier series with the base year 2004-05. It is the CSO's routine job to make such revisions, roughly once in a decade,...
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