-The Hindu Without factoring in agriculture, the vision of a $5-trillion economy will remain a distant dream India’s dream of becoming a $5-trillion economy by 2024 is now in the open with a ‘blue sky’ vision envisaged in the Economic Survey this year. The document lays down a clear strategy to augment the growth of key sectors by shifting gears as the current economic conditions are smooth in terms of macroeconomic stability...
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Former CEA rubbishes government arguments; sticks to claim of India overestimating GDP growth
-PTI In a new paper 'Validating India's GDP Growth Estimates', Arvind Subramanian said he had indicated his doubts on the growth numbers in the Economic Survey in 2015 as well as mid-year Economic Analysis. New Delhi: Sticking to his analysis that India’s economic growth has been overestimated, Arvind Subramanian said he had raised doubts about the GDP numbers in 2015 when he was the chief economic adviser of the Modi government...
More »Recently presented Union Budget does not provide updated data on important heads for FY 2018-19
During budget presentations, budget documents, which are provided, carry updated data and information related to various departments and ministries of the Central Government such as on revenues, expenditures, deficits etc. Recently economists like Dr. Rathin Roy and Prof. Jayati Ghosh have expressed concerns about the Ministry of Finance for not uploading updated and appropriate budgetary data and figures on the website www.indiabudget.gov.in following the 2019-20 Union Budget presentation by the...
More »The price of a good cuppa -Soumitra Ghosh
-The Hindu The lives of tea-estate workers in West Bengal have worsened in many aspects over the years The tea plantation sector continues to play a significant role in the economy of north Bengal. There are 276 organised tea estates spread over the three tea-growing regions of West Bengal: Darjeeling Hills, Terai and Dooars. Besides the formally registered large tea plantations, there are thousands of small growers. According to one estimate, the...
More »Selling government data to the private sector: It's complicated
-The Telegraph There are concerns that the proposal in the Economic Survey would end up privatizing a public good The Economic Survey has proposed that data of citizens obtained by the government be monetized for social benefits. It has claimed that data are a public commodity and, hence, people should benefit from large data sets. It has been proposed that data should be sold by the government to private entities like corporations...
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