-Business Standard As economic growth came in at 7.9 per cent in the fourth quarter of 2015-16, many argue that much of it could be attributed to discrepancies. Chief Statistician of India T C A Anant dispels these notions. He tells Dilasha Seth and Indivjal Dhasmana that the principal method of calculating the gross domestic product (GDP) is by taking into account the production-side estimates and not an expenditure one. Edited...
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The Private Sector’s Commitment to the National Skill Development Programme is Shaky -Santosh Mehrotra
-TheWire.in The number of people needing technical and vocational education is at least 20 million per year, but the system is barely churning out 5 million per year. In India until the middle of the 2000’s, employers were hardly interested in training within their own enterprises, let alone the system outside their enterprises. However, rapid GDP growth during those years led to a serious shortage of skilled staff. The government of India...
More »Patently a missed opportunity -Achal Prabhala and Sudhir Krishnaswamy
-The Hindu India’s first IPR policy trots out the worn western fairy tale that more IP means innovation, and encourages the pointless privatisation of indigenous knowledge India’s National Intellectual Property Rights (IPR) Policy, released in mid-May, is a bewildering document. There are two ways to read this policy. The first is as a gigantic exercise in dissimulation, with a terse declaration — India is not changing its IPR laws — tucked inside...
More »Government working on agro-industrial policy -Dhaval Kulkarni
-DNA To add value to the ailing farming sector in Maharashtra, which is reeling under successive droughts, agrarian distress and a negative growth rate, the state government is working on an agro-industrial policy. "We are working on an agro-industrial policy. It will look at granting incentives to agro-industries like food processing units, which will help create value chains for farmers and set up facilities like cold storages. The policy will also grant...
More »Job growth at a snail’s pace -Santosh Mehrotra
-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
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