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Prudent prescription: on MSME sector

-The Hindu An RBI panel’s suggestions on the MSME sector cut to the heart of crucial issues The micro, small and medium enterprises (MSME) sector in India is not only a key engine of growth, contributing more than 28% of the GDP and about 45% to manufacturing output. It is also a true reflection of economics where people really matter. Providing employment to about 111 million people, the sector’s health is crucial...

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Is India overestimating its economic growth? -TCA Sharad Raghavan

-The Hindu The new GDP series has some methodological and sampling problems Former Chief Economic Adviser Arvind Subramanian recently claimed in a paper that India’s GDP growth from 2011-12 to 2016-17 was likely to have been overestimated. The Prime Minister’s Economic Advisory Council has rejected this claim, stating that his paper would “not stand the scrutiny of academic or policy research standards”. In a conversation moderated by T.C.A. Sharad Raghavan, Pronab Sen...

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Fix healthcare now, or future shock is certain -Patralekha Chatterjee

-Deccan Chronicle Encephalopathy is a disease in which the functioning of the brain is affected. Whose children go to bed hungry? In a country with glaring social and economic disparities, hunger is a deeply political issue which many would like to dodge. But that is at the heart of the big story about the recent child deaths in Muzaffarpur, Bihar’s litchi growing belt. At the time of writing, more than 100 children are...

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Pronab Sen, former chief statistician of India, interviewed by Kabir Agarwal and Anuj Srivas (TheWire.in)

-TheWire.in "I think the fact that the whole [NSSO] exercise began with a fundamental premise of keeping it comparable, that has been forgotten." The fierce debate over India’s unemployment figures came to a head last week, when a jobs data report by the National Sample Survey Office (NSSO) was finally made public. This report has been a source of contention ever since two members of the National Statistical Commission (NSC)  resigned allegedly...

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Make up for lost time -Puja Mehra

-The Hindu Narendra Modi must leverage the public trust voters have placed in him to get the economy on track Prime Minister Narendra Modi’s election campaign, staying clear of bread-and-butter issues, successfully swayed voter attention away from economic hardships. Having won a thumping mandate, his government in its second tenure must now devote itself to a well-thought-out strategy for economic reforms. The bad news Official estimates released on Friday, the new government’s first day...

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