-The Indian Express On the credibility of quarterly data releases, Anant underlined “it is a careful statistical exercise” and that in many areas, “more complete information would be available in many ways by next year”. Facing criticism that GDP growth estimates by his office of 7 per cent for the third quarter ending December 2016 sharply overshot most projections — even those in the Economic Survey and by the RBI — India’s...
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Horticulture output likely to exceed foodgrain production in 2016-17 despite meagre growth
For the fifth year in a row, horticulture production is expected to surpass foodgrain production. However, as compared to the crop years 2014-15 and 2015-16, when drought was faced by most Indian states, horticulture production this year is predicted to rise by a meagre amount. As compared to 2014-15 and 2015-16, horticulture production this year is expected to rise by 2.2 percent and 0.4 percent, respectively. However, as compared to...
More »Farmer suicides on higher side in Punjab, report held back till poll results -Sukhdeep Kaur
-Hindustan Times A potentially “politically-damaging” report on farmer suicides in Punjab will now be released only after the election results on March 11. The state government had commissioned three state universities — Punjab Agricultural University (PAU), Ludhiana; Guru Nanak Dev University, Amritsar and Punjabi University, Patiala — to study cases of farmer suicides between April 2010 and March 2013. The three had earlier examined cases from 2000 to 2010 for compensation and...
More »Consumption mystery could be traced to piling up of inventories -Aanchal Magazine
-The Indian Express As per the methodology, since no direct data of expenditure is used, most of the GDP data is calculated based on output data The answer to the puzzling rise in Private Final Consumption Expenditure (PFCE) in the second advance estimate of GDP for 2016-17 despite the evident cash squeeze due to demonetisation may very well lie in the methodology used for calculating the new series of GDP. As per...
More »Harvardian estimates not wrong; cash ban cut Rs 1.2 lakh crore from nominal GDP -Dhananjay Sinha
-The Economic Times The enigma around the GDP growth numbers has compounded, as it understated the impact of demonetisation. Eliminating the dissonance created by large revisions, nominal GDP growth in December quarter may have been impacted by 240 bp and 320 bp on a year-on-year and sequential basis, respectively. The 7 per cent real GDP growth print for Q3FY17 released by the CSO on Tuesday gives an impression that the demonetisation shock...
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