-The Hindu COVID-19 could impact final numbers, says the National Statistical Office. India’s gross domestic product (GDP) is expected to grow by 9.2% in the current financial year following last fiscal’s 7.3% contraction, the National Statistical Office (NSO) said in its first advance estimates of economic output released on Friday, amid concerns over the likely impact of a third wave of the COVID pandemic. The NSO, however, made clear that these were “early...
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Are we overestimating the fiscal boost to the economy? -Roshan Kishore
-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year,...
More »MSMEs: Engines of Growth for new India -M Srikanth and KG Suresh
-The Hindu Business Line From easing access to credit to leveraging the PLI scheme, MSMEs can tap into a range of policy initiatives In November 2021 the government announced the Special Credit Linked Capital Subsidy Scheme for the MSMEs (Micro Small and Medium Enterprises) in the services sector. The scheme has a provision of 25 per cent capital subsidy for procurement of service equipment through institutional credit to the SMEs for advancement...
More »In NFHS report card, the good, the sober, the future -Sriram Haridass
-The Hindu Its fifth edition has encouraging news but addressing discriminatory social norms must remain top priority The health system in India has been facing unprecedented stress during the COVID-19 pandemic which includes the looming Omicron threat now on the horizon. Against this backdrop, the recently released fifth edition of the National Family Health Survey (NFHS)-5 brings some positive news. NFHS-5, which presents a bird’s eye view of the state of the...
More »The cold truth about India’s income inequality -Seema Chishti
-The Hindu Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide The latest edition of the World Inequality Report (https://bit.ly/3Fx8vv4 and https://bit.ly/3EvazlY) has confirmed that the world continues to sprint down the path of inequality. “Global multimillionaires have captured a disproportionate share of global wealth Growth over the past several decades: the top 1% took 38% of all additional wealth accumulated since...
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