-FIRstpost.com In January 2015, India moved to a new method of calculating the gross domestic product (GDP). The trouble was that up until day before yesterday, data from only 2011-2012 onwards was available as a part of this new GDP series. Hence, any comparison with the years before 2011-2012 was not possible. On Wednesday, nearly four years after moving to a new GDP series, the government released GDP data for the years...
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Q2 GDP growth slows to 7.1% from 8.2% in Q1 -TCA Sharad Raghavan
-The Hindu Various ratings agencies had predicted such a slowdown in the second quarter due to the impact of rising oil prices on input costs, and also due to the effect of the rupee devaluation. New Delhi: Second-quarter GDP growth slowed to 7.1%, from 8.2% in the preceding three-month period, official estimates released on Friday show. Gross Value Added (GVA) growth eased to 6.9% in July-September, from 8%. The GDP expansion in the...
More »Kisan Mukti March: Opposition rallies behind farmers -Priscilla Jebaraj
-The Hindu Rahul Gandhi, Kejriwal and other leaders share stage, demand loan waiver Congress president Rahul Gandhi and Aam Aadmi Party chief Arvind Kejriwal shared the stage for the FIRst time at Friday’s Kisan Mukti March, leading a show of Opposition unity in support of the farmers’ demands for fair prices and debt relief. Farmer leaders welcomed the political support as a sign that the agrarian crisis is now on top of...
More »Back and forth
-The Indian Express Quarrel over growth figures is nothing new. But it must not be allowed to spiral into a larger loss of economic data credibility The release of the new GDP back series data on Wednesday shows that the economy grew at an average of 6.7 per cent between 2005-06 to 2008-09 as well as between 2009-10 to 2013-14, the FIRst four years of the UPA government’s two terms —...
More »The demand for a special Parliament session on the agrarian crisis makes sense
-Hindustan Times Political parties should come clear on what they think is the best way to address the farm crisis Delhi will witness yet another farmers’ protest on November 29 and 30. However, this protest is very different from the others in terms of the nature of demands. Farmers’ groups are demanding a special session of parliament to discuss two private member bills, namely The Farmers’ Freedom from Indebtedness Bill, 2018,...
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