-The Hindu India’s GDP growth continues to be powered by consumption, not investments A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy? These include the depreciating rupee, rising bank bad loans, or non-performing assets (NPAs), a trade deficit that has shot...
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Does India's New Series GDP Data Overestimate Manufacturing Output?
-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...
More »Maneka Gandhi bypassed; nutrition norms cleared -Jagriti Chandra
-The Hindu After PMO intervention, NITI Aayog approves guidelines New Delhi: The NITI Aayog has approved the supplementary nutrition guidelines, prepared by the Ministry for Women and Child Development, bypassing Minister for Women and Child Development Maneka Gandhi following intervention by the Prime Minister’s Office (PMO), according to a person familiar with the development. The PMO had stepped in to end a more than yearlong stand-off between Ms. Gandhi and the Ministry’s officials...
More »Factory workers in India -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org Recent data from the Annual Survey of Industries, covering up to 2015-16, provide some interesting insights into the changing nature of industrial employment in India. In the decade up to 2015-16, there was a significant increase in the number of factory workers, by around 40 per cent. This expansion can be dated from around 2005-06 onwards and especially up to 2011-12. This is to be expected, given that that was...
More »NR Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy (NIPFP) and author of the series presented in a report to the National Statistical Commission, interviewed by Abhishek Waghmare (Business Standard)
-Business Standard "Under the new GDP series, there has been reallocation of a few items from one sector to another, from services to Manufacturing sectors" The back series data of GDP released recently by a panel of experts has evoked sharp reactions among political circles and experts. N R Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report...
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