-The Telegraph BJP invokes Schumpeter, economists bewildered Calcutta: Economics lore has it that Joseph Schumpeter had set three goals in life: to be the world's greatest economist, Austria's greatest horseman and Vienna's greatest lover. The Austrian-American economist apparently accomplished two of the three missions but never said which two, other than offering a clue by hinting there were too many fine horsemen in Austria. A fourth goal - unrecorded by the late economist...

-TheWire.in The new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added, resulting in manufacturing assuming a higher share in India’s GDP and growing at a faster rate compared to the older series. New Delhi: Does the new method by which India calculates GDP (gross domestic product) data overestimate manufacturing output? This apprehension has been flagged by a key member of the Reserve Bank of India’s...

-Business Standard "Under the new GDP series, there has been reallocation of a few items from one sector to another, from services to manufacturing sectors" The back series data of GDP released recently by a panel of experts has evoked sharp reactions among political circles and experts. N R Bhanumurthy, professor of Economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report...

-The Telegraph New Delhi: The proportion of jobless people rose significantly in India across education levels between 2011 and 2016, an Economics professor's analysis of two sample surveys suggests. The findings by Santosh Mehrotra, chairperson of the Centre for Labour Studies at JNU, appear to question the Centre's claims about job creation although the period under focus covers only the first two years of Narendra Modi's rule, along with the last three...

-Hindustan Times Most of the city’s poor are migrants — they constitute about 33% of the population of Delhi — who come to the city attracted by the promise of a secure livelihood and better life. But their hopes and dreams are, more often than not, belied. A peek into how they get by New Delhi: Last month, Delhi, the second wealthiest city in the country — with a total wealth of...