-Newsclick.in The government must analyse its existing data collection exercises, rationalise them and improve the inefficient statistical administration. It is good news that the Labour Bureau will revive its establishments-based Quarterly Employment Surveys or QES, using a larger sample. Since the Periodic Labour Force Surveys or PLFS collects data from households, the proposed quarterly survey of jobs will collect data from establishments. But it is advisable to review the multiple existing employment...
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Problematic revisions: We need fewer, quicker economic growth estimates -AK Bhattacharya
-Business Standard The CSO releases as many as 6 estimates of India's annual economic output growth; believe it or not, these estimates for the same year's economic output are released over a period of three years! When the Central Statistics Office (CSO) declared India’s gross domestic product (GDP) growth figure for 2016-17 on January 6, 2017, economic policy makers in the Narendra Modi government were disappointed. The GDP growth figure was only...
More »India's GDP story gets topsy turvy with revisions in past data -Sushant Hede
-TheWire.in Significant downward revision in GDP growth during Q1 and Q2 of FY19 has been one of the key reasons for boosting GDP growth in the corresponding quarters of FY'20. India’s gross domestic product (GDP) estimation by the Central Statistics Office (CSO) has been a story of upward and downward revisions in the last year. While the GDP for Q3-FY’20 is estimated at 4.7%, its slowest pace in almost seven years, what is...
More »Why India faces a public funding crisis -Rathin Roy & Puja Mehra
-Livemint.com * The Centre has no money for a stimulus package. Only the states can find a way to get India out of the slowdown * States, taken collectively, are the only hope. Despite loan waivers, they are in a better position to boost public spending. But that would require coordinated work between the Centre?and the states NEW DELHI: On 1 February, finance minister Nirmala Sitharaman will present an important Union budget. The...
More »$5 trillion economy by 2024? Magic realism at play given current low -Maitreesh Ghatak
-NDTV Lately, the January releases from the Central Statistics Office (CSO) about the advanced estimates of national income have a touch of seasonal chill. The estimate of the real GDP growth rate for 2019-20 has touched 5%, falling from 6.8% in 2018-19, continuing a downward slide that started in 2016-17. This is the lowest growth rate since 2008-09, which was the year of the global financial crisis. Indeed, in the entire...
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