-The Indian Express Business investment grew by less than 1 per cent, which bodes ill for India's long-term growth. According to the data released by the Ministry of Statistics and Programme Implementation (MoSPI), India’s gross domestic product will grow by just 5 per cent in the current financial year (2019-20). Last financial year, 2018-19, the Indian economy grew at 6.8 per cent. The gross value added (GVA), which maps the economic activity...
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Govt's FY20 spending seen lower by Rs 2 lakh crore; sharpest cut since FY15
-The Indian Express The Centre is set to cut annual budgetary expenditure for current fiscal by nearly Rs.2.2 lakh crore or 8 per cent from the Budget Estimate. With tax revenue growth lagging the required rate by a wide margin, the Centre is all set to cut the annual budgetary expenditure for the current financial year by nearly Rs 2.2 lakh crore or 8 per cent from the Budget Estimate (BE). The...
More »Mind the statistics gap -C Rangarajan & S Mahendra Dev
-The Indian Express Growing divergence between consumption expenditure estimates from NSO surveys and GDP data is too big to be pushed under the carpet Recently, we had expressed concerns that with the GDP growth rate falling in the post 2011-12 period, the decline in the poverty ratio would be slow. During 2011-12 to 2018-19, both GDP and agriculture growth were lower than in the earlier period. The terms of trade were not...
More »New household consumer expenditure survey to begin in July -Shishir Sinha
-The Hindu Business Line ‘Results of previous survey soon, but they will be used only for academic purpose’ Amidst all the controversies on the previous Household Consumer Expenditure Survey, the Statistics Ministry intends to start new survey from July. Also, the Ministry has made it clear that the results of the previous survey will be made public after some time but only for academic purpose. “The software vendor for the survey has been...
More »Survey data and government claims need not always match -Himanshu
-Livemint.com Let’s not discredit the findings of statistical surveys that are conducted among real respondents The uncomfortable truth that emerged from the leaked report of the Consumer Expenditure Survey (CES) is that rural poverty increased substantially between 2011-12 and 2017-18 for the first time in five decades. That this happened during a period of claimed high growth should have led to more research on what went wrong. Instead, there have been attempts...
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