-National Herald Maitreesh Ghatak, Professor of Economics at London School of Economics, in an interview to Tathagata Bhattacharya says the government has failed on many counts At the end of the day, it is growth and employment generation via new investment that is key to long-term economic progress. Various welfare schemes are a way of providing a social safety net to the poor in the short-run. It is performance along these two...
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Why factory output figures are suspect -R Nagaraj
-The Hindu Business Line The MCA database, which underpins the jump in factory GDP, is unconvincing. The ASI method was set aside for wrong reasons In early 2015, the Central Statistical Office (CSO) introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year, replacing the earlier series with the base year 2004-05. It is the CSO's routine job to make such revisions, roughly once in a decade,...
More »GDP Growth Rate: A Crown of Thorns -Subodh Varma
-Newsclick.in It is bizarre that the recent GDP numbers are being celebrated even as there are no jobs, workers wages are frozen and farmers are demanding better prices. There is much celebration in government circles and, of course, in the mainstream media, that in the first quarter of 2018-19 (April to June 2018), the GDP growth rate picked up to touch 8.2% compared with the same quarter last year (April to June...
More »New data: UPA did just fine till 2011
-The Economic Times The first cut of the back series of GDP numbers based on the new methodology and new base year of 2011-12 have finally been released. The Central Statistics Office will confirm this, sooner or later. What the new series does show is that India is capable of attaining double-digit growth (10.2% in 2007-08 and 10.8% in 2010-11), and of recovering fast from a sharp slowdown inflicted by global...
More »Cash transfers more effective than PDS, says ICRIER-OECD report -TV Jayan
-The Hindu Business Line Direct bank transfers plug leakages in food distribution, ensure better nutritional security New Delhi: Irrespective of teething problems encountered in places where it was launched as pilot, direct cash transfers are far more effective than food subsidy in reducing food insecurity and nutritional imbalances among the Indian population, a new report has shown. Currently, India spends ?1,45,400 crore — about 1.3 per cent of its GDP — to give...
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