-The Indian Express The one indicator that will worry the Devendra Fadnavis-led government the most as it spells out its final budget before the state polls on Tuesday is the negative growth in the crop sector. Mumbai: Suffering from a crippling drought and growing agrarian distress, Maharashtra’s economic growth remained stagnant at 7.5 per cent. According to the Economic Survey Report (ESR) 2018-19, which was presented to the state legislature on...
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Arvind Subramanian's calculation of GDP is flawed too, says economist Arun Kumar
-Down to Earth He says neither the government not the former chief economic advisor include the unorganised sector while computing economic growth Noted economist Arun Kumar said former chief economic advisor Arvind Subramanian is correct in saying that the rate of growth of Gross Domestic Product (GDP) has been overestimated in the last few years. Subramanian's methodology to gauge economic growth, however, may also not be correct — both being indirect methods...
More »The Unrealistic Optimism of Indians on Prospects of Upward Social Mobility -Ranjan Ray
-TheWire.in To rectify this gap between perception and reality, inequality of opportunities and the lack of emphasis on primary education need to feature more prominently in Indian policy discussions. We are constantly reminded of how Narendra Modi started from humble beginnings by selling tea and rose to occupy the position of the prime minister of India. Irrespective of which side of the political divide one is on, there is no disputing the...
More »Niti Aayog sets up task force to brainstorm on agriculture reforms -Gireesh Chandra Prasad
-Livemint.com * The task force will include state chief ministers and central ministers. The timeframe for making recommendations will be announced shortly * The task force will examine ways of improving productivity in farming and the changes needed in legislation New Delhi: Federal policy think tank Niti Aayog, chaired by Prime Minister Narendra Modi, on Saturday decided to set up a task force of state chief ministers and central ministers to prepare a...
More »The Dramatic Increase in the Unemployment Rate -Prabhat Patnaik
-Newsclick.in The Periodic Labour Force Survey Report 2017-18 clearly shows that there is a sudden jump in the unemployment rates across-the-board in 2017-18, compared to all preceding rounds of the NSSO. The report of the Periodic Labour Force Survey (PLFS) conducted in 2017-18 is finally out, and it confirms what had been leaked earlier, namely a dramatic increase in the unemployment rate in the Indian Economy. The unemployment rate is given under...
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