-TheWire.in A study has raised questions raised over the quality of the MCA-21 database, which is a crucial part of the new GDP series math. New Delhi: A National Sample Survey Office (NSSO) report has highlighted deficiencies in key government database of Indian companies, an observation that economists say could have consequences for the credibility of India’s GDP numbers. A technical study conducted by the NSSO between June 2016 and June 2017,...
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'Firms missing from database will not affect GDP calculation' -TCA Sharad Raghavan
-The Hindu Shell companies in MCA-21 submitting balance sheets regularly very much part of measurement, says former chief statistician The deficiencies found in the MCA-21 database of the corporate sector, where more than a third of the sample companies were either untraceable, out of coverage, or closed, will not have a major impact on the calculation of GDP and GVA, according to prominent statisticians closely associated with the subject. A recent report by...
More »New GDP series faces fresh questions after NSSO discovers holes -Pramit Bhattacharya
-Livemint.com * A third of the firms in MCA-21 database used to calculate GDP found dodgy * Results from the MCA-21 database survey were so disappointing that two reports based on it had to be junked NEW DELHI: A key database introduced in India’s new gross domestic product (GDP) series has now been found to be full of holes, raising fresh questions over the controversial and contested GDP numbers in Asia’s third-largest economy. A...
More »Beyond the free trade idealism -Arun Maira
-The Hindu An ambitious ‘Employment and Incomes Policy’ must be the top priority for the next government The U.S. has begun trade skirmishes with India. It objects to India increasing import duties on electronic goods and wants India to reduce duties on U.S.-made motorcycles. Meanwhile the World Trade Organisation seems to be in the intensive care unit. It is time to apply fundamental principles to reshape a trade regime that is...
More »India must complete its reform process in next five years: Arvind Panagariya
-PTI India must focus on growth of labour-intensive sectors to create decent jobs for the masses as well as give “serious thought” to privatising the public sector banks (PSBs), eminent economist Arvind Panagariya has said, emphasising that the reform process must be completed in the coming five years. Panagariya, who had served as the first Vice Chairman of the NITI Aayog from January 2015 to August 2017, was responding to a question...
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