-The Indian Express Government data always come with limitations. Now, they have a political dimension A new data-related controversy has erupted after the government aborted the publication of the report of the household consumer expenditure survey (CES) conducted by the National Sample Survey Organisation (NSSO) during 2017-18. This survey is one of the oldest series of surveys — undertaken by NSSO since the 1950s — and is the precursor to the...
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Consumer spending falls for first time since 1973 due to low rural demand: NSO data
-India Today The NSO report claims the consumer spending in villages for FY18 dipped by 8.8, whereas, it rose by 2% in cities over six years Consumer spending dropped for the first time since 1973 on weak rural demand, according to National Statistical Office (NSO). Latest consumption expenditure survey, titled 'Key Indicators: Household Consumer Expenditure in India', reveals that the average sum of money a person spends in a month dropped by 3.7%...
More »Civil society group welcomes failure to sign RCEP; calls it 'bad deal for democracy' -Joe C Mathew
-Business Today RCEP trade deal: The group said that the Indian govt should not agree to the RCEP even in future as it will be a 'bad deal for democracy, for farmers, workers, will subvert our sovereign laws and compromise India's industrialisation potential'. Forum for Trade Justice, a pan-civil society network has welcomed the failure of the 16 negotiating countries to reach a consensus over the conclusion of the world's largest free...
More »India should hold off on RCEP agreement -Rahul Mazumdar
-The Hindu Business Line It should resolve its structural issues and become globally competitive before getting into such arrangements The RCEP (Regional Comprehensive Economic Partnership), which has been under discussion since 2012 and has the potential to alter trade expressively from its pattern to global Politics, is reaching a crucial stage. Shakespeare’s analogy — paraphrased — “to do, or not do”, could not have been more apt for India in the given...
More »India's unemployment rate rises to 3-year high of 8.5% in October: CMIE
-BusinessToday.in The unemployment rate for the month is highest since August 2016, reflecting an overall economic downturn in the country India's unemployment rate rose to a three-year high of 8.48 per cent in October, up from 7.2 per cent in September, says the data released by the Centre for Monitoring Indian Economy (CMIE) on Friday. The unemployment rate for the month is highest since August 2016, reflecting an overall economic downturn in...
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