-The Indian Express Estimates are not perfect, but the process is revised and fine-tuned. Former Chief Economic Adviser Arvind Subramanian’s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister’s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian’s paper. A study done at our institute by Ashima Goyal...
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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...
More »Arvind Subramanian's GDP bombshell: Prominent economists divided over maths
-The Financial Express After former Chief Economic Advisor Arvind Subramanian’s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. After former Chief Economic Advisor Arvind Subramanian’s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to...
More »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...
More »It's now official: Joblessness rises with education level -Surojit Gupta
-The Times of India NEW DELHI: Only 2.1% of illiterate urban men were unemployed in 2017-18, but 9.2% of men with at least secondary education didn’t have a job. The gap was even wider among urban women — 0.8% of those uneducated were jobless whereas 20% women with secondary or higher education were not employed. The Periodic Labour Force Survey (PLFS) released by the National Statistic Office (NSO) on Friday shows the...
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