-TheCitizen.in NEW DELHI: Perhaps no other public policy debate in post-independence India has seen as much of an “inversion of reason” on the part of the government as the demonetization debate. When critics were pointing, on the basis of government statistics themselves, to the palpable failure of the demonetization measure to achieve its purported objective, which was to cripple the black Economy. the government kept harping, in its justification, on the extraordinary...

-The Economic Times PUNE / NEW DELHI: Present weather conditions indicate possibility of a normal monsoon in 2017, although there is a chance of a weak El Niño — a weather phenomenon associated with poor rains in India — emerging towards the end of the rainy season in September, the weather office has said. However, the monsoon forecast may not remain comfortable if El Niño makes an early appearance. Having briefly emerged from...

-The Indian Express GDP estimates are advance figures, but by the time they are revised only staid economists will be interested in them Unless we simply dreamt it, demonetisation delivered a massive shock to the Economy.in early November, which continued well into December because of slow pace remonetisation. The ensuing liquidity crunch affected most informal economic activity and some formal business, and economists generally agreed that declines in demand and disruption...

-The Indian Express On the credibility of quarterly data releases, Anant underlined “it is a careful statistical exercise” and that in many areas, “more complete information would be available in many ways by next year”. Facing criticism that GDP growth estimates by his office of 7 per cent for the third quarter ending December 2016 sharply overshot most projections — even those in the Economic Survey and by the RBI — India’s...

-The Indian Express As per the methodology, since no direct data of expenditure is used, most of the GDP data is calculated based on output data The answer to the puzzling rise in Private Final Consumption Expenditure (PFCE) in the second advance estimate of GDP for 2016-17 despite the evident cash squeeze due to demonetisation may very well lie in the methodology used for calculating the new series of GDP. As per...