-The Hindu With GDP estimated to have clocked a 9.7% uptick in the first six months, the advance estimate implies that growth will moderate to 4.5% in the second half. India’s real GDP is expected to grow 7% in 2022-23, slowing from 8.7% in FY22, as per the First Advance Estimates of National Income for the year released by the National Statistical Office (NSO) on Friday. With GDP estimated to have clocked a...
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Farming isn't doing as well as our GDP data suggests -Himanshu
-Livemint.com Clearly, there is much more to GDP data than aggregate estimates. The National Statistical Office (NSO) released estimates of gross domestic product (GDP) for the second quarter of this fiscal year on 30 November. Based on these, India’s GDP in the July-September quarter increased by 6.3% compared to last year, whereas the gross value added (GVA) during the same period increased by 5.6%; the manufacturing sector witnessed a contraction of 4.3%....
More »The arithmetic for Tamil Nadu as a $1 trillion economy -C Rangarajan and KR Shanmugam
-The Hindu Reaching the target by 2030-31 has to be ruled out, as it requires a nominal annual growth rate of 18.2%; instead, the scenario can be 2033-34, with the required real rate of growth at 9% The Chief Minister of Tamil Nadu has set Tamil Nadu the goal of becoming a trillion dollar economy (by 2030), as he has indicated over the past year. This is a good aspirational goal. Tamil...
More »India’s Manufacturing Growth Slowdown a Decadal Problem -Deepanshu Mohan
-TheWire.in In India’s growth trajectory, for over a decade, domestic private investment levels have remained consistently low and so has (domestic) manufacturing growth. As per recent quarterly estimates, India’s growth rate slowed to 6.3% in the September quarter of 2022-23. There is evidence of a notable contraction in output of manufacturing that’s pulling down growth. This author has previously argued that quarterly growth estimates may not reveal the real state of an economy....
More »Number Theory: The state of the Indian economy in four charts -Roshan Kishore
-Hindustan Times What do the latest numbers, analyst forecasts, and high-frequency data tell us about the state of Indian economy? The National Statistical Office (NSO) released GDP numbers for the quarter ending September 2022 on November 30. GDP Growth for the second quarter is 6.3%, which is exactly what the Monetary Policy Committee (MPC) of the RBI projected in its September resolution. What do the latest numbers, analyst forecasts, and high-frequency data...
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