-Newsclick.in The statistics are dubious because there is a substantial increase in GDP under the head “discrepancies”, which is synonymous with errors and omissions. It is ironic that government spokespersons should exhibit so much euphoria over the second quarter (July-September) gross domestic product (GDP) estimate, which shows a drop “only” of 7.5% compared with the second quarter 2019-20. The expectation had been that the drop would be larger, about 8 to 9%;...
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Questionable data, little room for exuberance -R Nagaraj
-The Hindu Using the latest quarterly estimates to point to an economic rebound seems flawed; recovery is likely to remain modest The decline in the quarterly GDP growth rate, by 7.5% during July-September 2020 (FY 2020-21: Q2), compared to a 24% decline in the first quarter has raised expectations of a sharp economic recovery after the novel coronavirus pandemic and the National Lockdown. But is such optimism justified? A tracker India’s GDP at current...
More »Lessons from the lockdown for India’s rural employment scheme -Vani Viswanathan, Sultan Ahmad & Aaditeshwar Seth
-Scroll.in Often the sole source of income for households in villages, NREGA has been plagued with issues during the pandemic. During the lockdown, an estimated 20 million to 30 million migrant workers returned home, out of work and out of money. Some of them tried helping their families with farming and some even used the skills they had developed to set up new enterprises. But most remained jobless. The National Rural Employment...
More »Indian economy contracts by 7.5% in Q2
-The Hindu Country enters technical recession. India’s Gross Domestic Product (GDP) contracted 7.5% in the second quarter of 2020-21, following the record 23.9% decline recorded in the first quarter, as per estimates released by the National Statistical Office on Friday. The country has now entered a technical recession with two successive quarters of negative growth. However, the economy’s performance between July and September when lockdown restrictions were eased is better than most rating...
More »35% of work under scheme meant for migrant workers went to MGNREGA -Sanjeeb Mukherjee
-Business Standard The tentative data sourced from the GKRA website shows that since June, around 1.10 million works have been completed under the campaign. Much of the Rs 10,000-crore extra allocation for the Garib Kalyan Rojgar Abhiyan (GKRA), an employment scheme for migrants thrown adrift by the sudden lockdown in March, will be spent on works done through the flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and rural housing project....
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