-The Indian Express Government’s claim that structural changes to the Economy are paying off, and that is being used to give back to the people, is problematic. The Interim Union Budget 2019 is no less than a full budget with changes in taxation and announcement of lucrative schemes for various sections of the population. The recent losses in three major assembly elections rang alarm bells for the ruling dispensation. With the...
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Cash in system surges: Informal sector's back? -Mayur Shetty
-The Times of India MUMBAI: Currency in circulation touched a new high of Rs 20.65 lakh crore on January 18, 2019, way above the pre-demonetisation high of Rs 17.97 lakh crore. The increase in currency usage points to a recovery in 'informality' in the Economy as the government goes easy on goods and services tax compliance and businesses continue using cash, according to Pranjul Bhandari, chief economist, India, HSBC. The acceleration of...
More »Because data is a public good -PC Mohanan
-The Indian Express My resignation from National Statistical Commission was the last act in a long story of disregard for its reports William Setzer, in the working paper, “Politics and Statistics: Independence, Dependence or Interaction”, published by the UN, lists several possible areas where political interference in official data generation and publication can happen. One of these is the extent and timing of release of data. He cites several examples. Most...
More »India Does Have a Real Employment Crisis -- And it's Worsening -Santosh Mehrotra
-TheWire.in Manufacturing jobs actually fell in absolute terms from 58.9 million in 2011-12 to 48.3 million in 2015-16. Economists have been writing for some months that, contrary to the claims of the government, there is plenty of data available that shows unmistakably that unemployment is high and rising. Educated unemployment has worsened just as young people are getting better educated, and expect to work outside agriculture in industry and services. We have done this...
More »Is Small Still Beautiful? Revisiting the Farm-Size Productivity Debate -Sarthak Gaurav and Srijit Mishra
-Working Paper No. 74, Nabakrushna Choudhury Centre for Development Studies, Bhubaneswar In this paper, we revisit the well-known debate on the inverse relationship between farm-size and agricultural productivity. Using unit level data from Situation Assessment Survey (SAS) of Agricultural Households in the 70th Round National Sample Survey (NSS), we test the relationship between yield (output per hectare) and land operated as well as the relationship between net returns per hectare and...
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