-The Statesman Agriculture is the source of livelihood for nearly 700 million people in India, representing a huge workforce. More than half the GDP of the rural economy is based on agriculture. It is not just a profession but a traditional occupation, a way of life. Agriculture is characterised by small and fragmented land holdings. Small (up to one hectare of land) and marginal (more than one ha and up to 2...
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R Nagaraj, professor at the Indira Gandhi Institute of Development Research (IGIDR), speaks to Indivjal Dhasmana
-Business Standard R Nagaraj, professor at the Indira Gandhi Institute of Development Research (IGIDR), had disputed the Central Statistics Office (CSO) methodology on non-financial private corporate sector, which is a segment in the new GDP data. His criticism was mainly on the ground that CSO altered the methodology in 2015 from what was agreed on by a sub-committee, in which Nagaraj was a non-official member, in 2014. CSO gave a rejoinder...
More »Pronab Sen, Chairman of National Statistical Commission (NSC), interviewed by Indivjal Dhasmana on the new gross domestic product (GDP) data series
-Business Standard As critics find fault in the new gross domestic product (GDP) data, National Statistical Commission (NSC) Chairman Pronab Sen, heading a committee to review the methodology of the new series, tells Indivjal Dhasmana much of the criticism is due to the lack of information about the methodology and sourcing of the new data. Edited excerpts: NSC has appointed a committee under you to review the new GDP data. Has it...
More »When statistics lie -Paranjoy Guha Thakurta
-The Asian Age The much-quoted sentence, "there are three kinds of lies: lies, damn lies and statistics", was attributed to the 19th century British Prime Minister Benjamin Disraeli by American author Mark Twain. Although researchers could never find such a statement in any written work of Disraeli, the sentence gained universal popularity to signify how economists and other number-crunchers use the "persuasive power" of figures to make a political point or...
More »New GDP Numbers Make Jaitley Happy -Lola Nayar
-Outlook 7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the base year)...
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