-The Indian Express The daily wage rate in rural India for male workers across 25 occupations (12 agricultural and 13 non-agricultural) averaged Rs 331.29 during September, as per field data compiled by the Labour Bureau. Real rural wages growth has fallen to an all-time-low of minus 3.8% in September, further confirming the deep structural slowdown in ‘Bharat’ that is also evidenced in sluggish fast-moving consumer goods (FMCG) and two-wheeler sales. The daily wage...
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Serious questions confront policymakers. Yet data are not reliable enough for them to be answered -Arvind Subramanian & Josh Felman
-The Indian Express Running an economy, especially one that is in a predicament such as India’s today, is infinitely more complicated and the data demands are hence commensurately greater. A Data Big Bang effort along the lines proposed here would make that difficult task less challenging. As the government responds to the challenges posed by the economic slowdown, there’s an ignored area of reform, where simple measures could have potentially big payoffs....
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...
More »Prices high, govt to buy 11,000 tons of onion from Turkey
-The Indian Express Last month, the Union cabinet approved importing 120,000 tonnes of onions to improve the domestic supply and control prices that have skyrocketed to Rs 75-120 per kg across major cities. New Delhi: Amid skyrocketing prices of onions, the Union Ministry of consumer Affairs, Food and Public Distribution asked state-run MMTC to place an order for the import of 11,000 metric tons (MT) of onions from Turkey. According to sources,...
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