-The Indian Express This government is barking up the wrong tree. First of all, it is solely responsible for the present slowdown. Second, it has no understanding of what has caused the problem. Third, therefore, it is flailing its arms in all directions except the right one and causing more pain. I have often been criticised for being critical of the present regime, even by people near and dear to me. One...
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No green shoots of a revival in sight as yet -R Nagaraj
-The Hindu The latest GDP data show that there has been an undeniable decline in the growth rate over seven consecutive quarters On February 28, as per its release calendar, the National Statistical Office (NSO) put out the third quarter gross domestic product (GDP) estimates, that is, for October-December 2020. It showed that domestic output grew at 4.7% at constant prices (that is, net of inflation), compared to the same period the...
More »Economy sliding into serious stagnation but Modi & Co are clueless - Prabhat Patnaik
-Newsclick.in Reviving the economy requires, apart from social peace, a powerful fiscal intervention going well beyond what neo-liberalism allows. Changes in estimation methods have of late made statistics on the Indian economy increasingly bewildering; besides, whenever the statistics show the performance of the economy in a poor light, the Bharatiya Janata Party (BJP) government simply suppresses them. Nothing, however, can suppress the fact that the Indian economy is sliding into a serious...
More »Domestic demand must play a greater role in India’s growth story -Jahangir Aziz
-The Indian Express Policymakers need to stop thinking about India as a perennially supply-constrained economy focusing almost all policies and reforms to easing these constraints. Instead, it is time to let domestic demand play a greater role in India’s growth story. India’s fourth quarter GDP Growth (calendar year 2019) printed another sub-5 per cent growth rate. It would have been lower had it not been for the large downward revisions to previous...
More »India is constantly tinkering with GDP data. It’s hard to rely on it now -Vivel Kaul
-Newslaundry.com In the latest instance, GDP Growth projections for the first two quarters of 2019-20 have been revised up, making it easier to meet the annual growth target of 5 percent. The Gross Domestic Product figures for the period of October to December 2019 were published late last week. GDP measures the economic size of a country. Alongside, the GDP figures for the previous two quarters – April to June 2019 and July...
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