-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...
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Demonetisation findings accessed: Eight reasons why BJP wants DeMo report buried
-TimesNowNews.com Times Now has accessed the demonetisation draft report which has upset the BJP, whose MPs want the report suppressed. And there are eight reasons why the BJP doesn’t want to face the report in Parliament. New Delhi: The Parliamentary Standing Committee on Finance, headed by Congress leader Veerappa Moily, has concluded in its draft report that demonetisation, announced by the Narendra Modi government in November 2016, had led to at...
More »Demonetisation led to 1% drop in GDP, says parliamentary report; BJP bans it
-MirrorNowNews.com The Bharatiya Janata Party (BJP) MPs on Tuesday stalled a parliamentary report which slammed demonetisation. The report mentioned that demonetisation led to a drop of one per cent in the country's GDP. New Delhi: Bharatiya Janata Party (BJP) MPs on Tuesday stalled the note ban report which slammed the incumbent government's decision of demonetising Rs 1,000 and Rs 500 currency notes with effect from November 8, 2016. The report mentioned...
More »ILO Wage Report Paints a Sorry Picture of Economic Inequalities in India -Anumeha Yadav
-TheWire.in Real average daily wages improved between 1993-94 and 2011-12, but gains of growth have bypassed casual workers, women and rural areas. Over the past two decades, India became one of the two fastest growing economies in the world, alongside China. The gross domestic product (GDP) has risen four folds since 1993. But has this growth been distributed to lower economic inequality? Has the increase in wages matched the pace of growth...
More »Congress uses revised GDP data to defend UPA's economic record -Anuja
-Livemint.com The UPA delivered the highest decadal growth (8.13% at factor cost) since India acquired independence and handed over an Indian economy on the upswing in 2014, says former finance minister P. Chidambaram New Delhi: The Congress on Sunday defended the record of the United Progressive Alliance (UPA) on the basis of recently published back series data on gross domestic product (GDP). At a press conference today, former finance minister P. Chidambaram...
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