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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...

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AAP report card: Water pipelines in Delhi slums still a dream

-IANS NEW DELHI: The Aam Aadmi Party (AAP), which stormed into Delhi politics on the plank of providing piped water to all, has not and may not be able to provide piped water connection to over 650 JJ clusters and 100 unauthorised colonies in the city anytime soon, as the tenure of the Arvind Kejriwal government will end in February 2020. According to government data, of the total 675 JJ (jhuggi jhopri)...

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Getting the GDP numbers right -S Mahendra Dev

-The Indian Express Estimates are not perfect, but the process is revised and fine-tuned. Former Chief Economic Adviser Arvind Subramanian’s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister’s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian’s paper. A study done at our institute by Ashima Goyal...

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Economic Survey's Call for MGNREGA to Become 'Rural Distress Indicator' a Nod to Jobs Crisis?

-TheWire.in The survey also conferred a lot of credit on the Centre’s move in 2015 to implement direct benefit transfer and Aadhaar-linked payments when it comes to workers' wages. New Delhi: In tacit acceptance of the sudden surge in demand for jobs under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) following the demonetisation move of the government in 2016, the Economic Survey (released this July 4) has called for using...

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