The transport sector is important for the smooth functioning of an economy. The supply chains for various products and by-products (both domestically as well as internationally) can work efficiently only if the transportation of raw materials and inputs, and final goods and commodities takes place without disruption. Due to economic growth, India’s annual CO2 (i.e., carbon dioxide) emission has expanded from 1.19 billion tonnes in 2005 to 2.44 billion tonnes...
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The story behind the big GDP-GVA gap -Pragya Srivastava
-Livemint.com Yet again, two measures of India’s economy— ‘gross value added’ and ‘gross domestic product’—have grown at widely different paces. While change in GDP significantly lagged the change in GVA in FY21, the story was opposite in FY22, says data released Tuesday. Mint explains: What is the difference between GVA & GDP? Gross value added (GVA) adds up the value of all goods and services produced in an economy after deducting the input...
More »After a hiatus, household consumer spending survey to resume in July -Vikas Dhoot
-The Hindu It helps arrive at estimates of poverty levels The All-India Household Consumer Expenditure Survey, usually conducted by the National Statistical Office (NSO) every five years, is set to resume this year after a prolonged break. India hasn’t had any official estimates on per capita household spending, used to arrive at estimates of poverty levels in different parts of the country and to review economic indicators like the Gross Domestic Product (GDP),...
More »Is the govt. doing enough for the Jan Aushadhi scheme?
On Janaushadhi Diwas this year (i.e., March 7th, 2022), Prime Minister Shri Narendra Modi stated that the poor and the middle-class benefited from the 'Jan Aushadhi Kendras' that were set up to provide generic drugs at affordable prices. He said that the poor and the middle class saved around Rs.13,000 crore through these stores during the COVID-19 pandemic. In the wake of COVID 19 crisis, the 'Bureau of Pharma PSUs of India'...
More »Rethinking agrarian suicides in India -Sthanu R Nair
-The New Indian Express First, existing studies have analysed the intensity of farmer suicides in isolation, i.e. without comparing farmer suicides with those by other professionals. Farmer suicides have always been a highly debated issue in the public discourse on agriculture sector performance in India. According to National Crime Records Bureau (NCRB) data, 3,58,164 people engaged in the farming profession have committed suicide in India from 1995 to 2019. Though these numbers...
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