-The Hindu An analysis of the NITI Aayog’s ‘Healthy States, Progressive India’ report released on June 25 shows that the usage of estimated figures in place of reported numbers, to calculate certain health Indicators, has adversely impacted the final index score of certain States while boosting that of others. Skewed result The report had used an estimated number of births and deliveries to calculate two key health outcome Indicators — “full immunisation coverage”...
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Former CEA rubbishes government arguments; sticks to claim of India overestimating GDP growth
-PTI In a new paper 'Validating India's GDP Growth Estimates', Arvind Subramanian said he had indicated his doubts on the growth numbers in the Economic Survey in 2015 as well as mid-year Economic Analysis. New Delhi: Sticking to his analysis that India’s economic growth has been overestimated, Arvind Subramanian said he had raised doubts about the GDP numbers in 2015 when he was the chief economic adviser of the Modi government...
More »Retail inflation inches up in June even as industrial growth slows down in May
-The Hindu Business Line A surge in the prices of meat, fish and pulses pushed the rate of retail inflation a tad higher to nearly 3.2 per cent in June. Meanwhile, industrial production still seems to be in the slow lane, with 3 per cent growth in May. Rate cut possibility These two Indicators will play a key role in the monetary policy review to be undertaken by the Monetary Policy Committee (MPC)...
More »Lifting 271 mn out of poverty in 10 yrs, India fastest, Jharkhand No. 1 area: UN -Shalini Nair
-The Indian Express According to the global MPI 2019 report released Thursday, between 2005-06 and 2015-16, India, lifted 271 million out of poverty, significantly reducing deprivations in many of the ten Indicators, particularly in “assets, cooking fuel, sanitation and nutrition”. India has registered the fastest absolute reduction in the Multidimensional Poverty Index (MPI) value among ten countries, spanning every developing region, whose combined population is two billion people. And Jharkhand is...
More »Getting the GDP numbers right -S Mahendra Dev
-The Indian Express Estimates are not perfect, but the process is revised and fine-tuned. Former Chief Economic Adviser Arvind Subramanian’s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister’s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian’s paper. A study done at our institute by Ashima Goyal...
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