The transport sector is important for the smooth functioning of an economy. The supply chains for various products and by-products (both domestically as well as internationally) can work efficiently only if the transportation of raw materials and inputs, and final goods and commodities takes place without disruption. Due to economic growth, India’s annual CO2 (i.e., carbon dioxide) emission has expanded from 1.19 billion tonnes in 2005 to 2.44 billion tonnes...
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The story behind the big GDP-GVA gap -Pragya Srivastava
-Livemint.com Yet again, two measures of India’s economy— ‘gross value added’ and ‘Gross Domestic Product’—have grown at widely different paces. While change in GDP significantly lagged the change in GVA in FY21, the story was opposite in FY22, says data released Tuesday. Mint explains: What is the difference between GVA & GDP? Gross value added (GVA) adds up the value of all goods and services produced in an economy after deducting the input...
More »The UN report that highlights India’s vulnerability to drought -Priyali Prakash
-The Hindu More than a billion people around the world were affected by drought in 2000-19, making it the second-worst disaster after flooding. The story so far: A United Nations report has revealed that many parts of India fall under the list of regions that are vulnerable to drought globally. The report also stated that India’s Gross Domestic Product (GDP) reduced by 2 to 5 per cent between 1998 and 2017 due...
More »Desertification: ‘Droughts reduced India’s GDP by up to 5% in 20 years’
-Down to Earth The world has a new ‘water-scarce’ generation growing up, with women and girls spending as much as 40% of their calorific intake carrying water in dry lands The frequency and duration of drought is increasing at an alarming rate across the world since the onset of the 21st century, according to the Drought in Numbers, 2022 report released May 11 at the ongoing 15th Conference of Parties (CoP15) to...
More »After a hiatus, household consumer spending survey to resume in July -Vikas Dhoot
-The Hindu It helps arrive at estimates of poverty levels The All-India Household Consumer Expenditure Survey, usually conducted by the National Statistical Office (NSO) every five years, is set to resume this year after a prolonged break. India hasn’t had any official estimates on per capita household spending, used to arrive at estimates of poverty levels in different parts of the country and to review economic indicators like the Gross Domestic Product (GDP),...
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