-Financial Express Two measures can do much to bring back price sentiment and liquidity in agricultural markets, just when farmers are set to harvest a bumper crop. The current economic slowdown began with Bharat. It has to also end with Bharat. According to the National Statistical Office’s GDP estimates for April-June 2019 released on Friday, India’s agriculture sector — which includes forestry and fishing — grew 2.04% year-on-year during the quarter....
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Growth in Agri GVA deflator saw a rising trend between 2005-06 & 2009-10, despite using different sources of back-series data
The year-on-year (y-o-y) growth rate in Agri Gross Value Added (GVA) deflator (an alternative measure of inflation) shows a rising trend between 2005-06 and 2009-10. In other words, price rise pertaining to the agrarian sector accelerated during the period under discussion. This particular trend has been observed irrespective of whether one uses the GVA/GDP back-series data (Base 2011-12=100) that was computed by the National Institution for Transforming India Aayog (NITI Aayog)...
More »Growth in Agri GVA deflator shows a declining trend in comparison to growth in other sectoral GVA deflators
Recent studies and media reports have confirmed that Indian farmers are facing non-remunerative and sometimes falling prices. A past news alert by the Inclusive Media for Change team indicated deflation in wholesale prices of 8 kharif crops (viz. maize, arhar, moong, urad, groundnut, soybean, sunflower seed and Niger seed) on average between 2016-17 and 2018-19. Based on data analysis, that news alert also demonstrated how the rural areas have witnessed...
More »Farm income growth slumps to a 14-year-low in Oct-December 2018 -Harish Damodaran
-The Indian Express October-December 2018 is also the second consecutive quarter where growth in gross value added (GVA) from agriculture has been lower in nominal than in real terms. The country’s farm sector output may have grown by just 2.7 per cent year-on-year in October-December 2018, the lowest in 11 quarters. But what should worry the NDA government more than the low increase in “real” terms (i.e. at constant prices) is...
More »A self-goal for India -Santosh Mehrotra
-The Hindu There are substantive reasons for the questions being raised about the new GDP back series Without in any way impugning the integrity of the Central Statistics Office (CSO), most knowledgeable people are asking: if most important indicators of the Indian economy were better in 2004-2014, how is the GDP growth rate higher in estimates just released (7.4% per annum since 2014 and only 6.7% per annum in 2005-2014)? This is...
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