-The Hindu Surveys, including the recently leaked one on consumer expenditure, point to the economy’s dire state How fast has India grown lately? And, what are the yardsticks on which the country’s performance is being measured? These have remained contentious questions. Following the last decade’s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success...
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The politics of numbers -PC Mohanan
-The Indian Express Government data always come with limitations. Now, they have a political dimension A new data-related controversy has erupted after the government aborted the publication of the report of the household consumer expenditure survey (CES) conducted by the National Sample Survey Organisation (NSSO) during 2017-18. This survey is one of the oldest series of surveys — undertaken by NSSO since the 1950s — and is the precursor to the...
More »The curious case of a consumption decline
-Livemint.com A leaked NSO survey report says that expenditure by consumers across India actually fell over a six-year span till 2017-18. This is at odds with our GDP data. So what explains this finding? Is Indian consumption in decline? Anecdotal evidence has pointed that way for some time. But now, a leaked survey report of the National Statistical Office (NSO), published on Friday in Business Standard, seems to confirm suspicions of such...
More »Enable MSMEs to grow and create jobs -Ajay Shankar
-The Hindu Business Line Apart from easing labour laws and providing a social security net, a focus on clusters with access to land and capital will help Getting micro, small and medium enterprises (MSMEs), who employ 92 per cent of the workforce, to grow more rapidly should be one of the pillars of any strategy for job creation. This year’s economic survey does candidly state that “Our policies must, therefore, focus on...
More »Explained: Why is India's labour productivity growth faltering? -Udit Misra
-The Indian Express India’s labour productivity between 2016 and 2018 grew by just 3.7 per cent — a far cry from the annual growth of 14 per cent between 2004 and 2008 An analysis done by India Ratings and Research of Annual Survey of Industries data on India’s labour productivity growth in the organised manufacturing sector shows a disappointing trend. During the high economic growth phase between 2004 and 2008 (just before...
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