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GDP shrinks by 7.3%; Q4 uptick moderates 2020-21 carnage -Vikas Dhoot

-The Hindu On inflation, the Chief Economic Adviser said it is expected to be range-bound and should not exceed the prescribed level. India's Gross Domestic Product (GDP) contracted by 7.3% in 2020-21, as per provisional National Income estimates released by the National Statistical Office on Monday, marginally better than the 8% contraction in the economy projected earlier. GDP growth in 2019-20, prior to the COVID-19 pandemic, was 4%. The Gross Value Added (gva)...

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What Lies at the Foundation of the Prolonged Agrarian Crisis in India? -Shinzani Jain

-Newsclick.in The deeper rot in agriculture can be overcome through more far-reaching reforms, starting from an overhaul of pre-capitalist land relations and relations of production that continue to shackle productivity and are at the root of aggravating poverty, unemployment and inequality in rural India. It has been more than five months since farmers from different parts of the country began protesting in Delhi. They have been unflinching when it comes to their...

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A disconnect that shows the real state of the country’s economy -Himanshu

-Livemint.com * Disaggregated data contradicts the rosy picture that national accounts paint of our performance * It’s premature to conclude that a recovery is underway, as our GDP rise in 2020-21’s third quarter was on a very low base. Also, other data sets reveal that distress remains widespread.  Estimates of growth in the third quarter of 2020-21 along with advance estimates of the full year were released last month by India’s statistics ministry....

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GDP growth is being driven by larger firms. Smaller ones continue to suffer, need policy attention -Saugata Bhattacharya

-The Indian Express Policy coordination between the Centre and states will be crucial for implementing this ambitious reform agenda. The National Statistical Office will release the second advance GDP estimates for 2020-21 at the end of February. The first advance estimate had, in early January, forecasted a contraction of 7.7 per cent in 2020-21. This was due largely to an expected, sharp contraction in both industry and services. The second advance estimates...

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Agri share in GDP hit 20% after 17 years: Economic Survey -Shagun Kapil

-Down to Earth Agriculture was the only sector to have clocked a positive growth at constant prices in 2020-21 The share of agriculture in gross domestic product (GDP) has reached almost 20 per cent for the first time in the last 17 years, making it the sole bright spot in GDP performance during 2020-21, according to the Economic Survey 2020-2021. The resilience of the farming community in the face of adversities made agriculture...

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