-Livemint.com Data from the latest KLEMS India database shows that employment in the Indian economy shrank by 0.1% in 2015-16 and by 0.2% in 2014-15 Mumbai: Employment in the total Indian economy shrank by 0.1% in financial year 2015-16 and by 0.2% in 2014-15. Far from more jobs being created, employment has actually contracted. That is the finding from the latest KLEMS India database, a research project supported by the Reserve Bank of...
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House panel rap on govt for slashing school funds share
-The Telegraph New Delhi: A parliamentary panel has criticised the government over the "decreasing" budgetary allocation for school education in terms of its share of the gross domestic product (GDP) and the tardy progress in setting up Navodaya schools. In terms of the GDP share, the allocation has been declining for the past five years. The allocation of Rs 50,000 crore for 2018-19 is Rs 15,000 crore less than what the school...
More »GDP numbers have brought cheer, but Indian economy needs a more even path to growth -Radhika Pandey, Amey Sapre and Pramod Sinha
-ThePrint.in Growing CAD, weak bank deposit growth, and fiscal deficit surpassing estimates cause for worry. The Central Statistics Office (CSO) recently released the Second Advance Estimates (2nd AE) for 2017-18, and the 3rd quarter GDP growth figures for October-December 2017. The new numbers have added some cheer to the disappointing state of affairs in the economy. The aggregate gross domestic product (GDP) registered a healthy growth of 7.2 per cent, while the gross...
More »Is the Peasantry in the Tiny State of Himachal Heading For a Major Crisis? -Tikender Singh Panwar
-Newsclick.in Despite the state being largely rural, the contribution of agriculture in the state’s gross domestic product is reducing considerably. The state of Himachal Pradesh has a predominantly rural population. Ninety per cent of the people here live in villages. There are 17,882 villages and about 59 urban settlements including two municipal corporations. There are more than 14.9 lakh families in the state. The total number of workers according to the census...
More »Agricultural sector growth slows down to 3%, show new estimates
The Central Statistics Office (CSO) has recently made an upward revision to the growth to be experienced by the agrarian economy in the present crop year (viz. from July, 2017 to June, 2018). The growth in real Gross Value Added (GVA) by the agrarian sector as a whole is expected to be 3.0 percent in 2017-18 as per the second advance estimates of national income for 2017-18, which was released...
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