-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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GDP numbers: EAC-PM rejects ex-CEA's claims, releases point-to-point rebuttal
-The Times of India NEW DELHI: The Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday rejected the claims of former CEA Arvind Subramanian regarding over-estimation of GDP numbers and said that India's current methodology is at par with its global standing as a responsible, transparent and well-managed economy. The EAC-PM released a detailed note titled 'GDP estimation in India - Perspectives and Facts' and as it earlier stated, the note...
More »The great Indian GDP debate, explained in five charts -Pramit Bhattacharya
-Livemint.com If there is no way to tell which part of the economy is doing well and which is not, policymakers will continue to have to rely on rough proxies and their intuition for decision-making A month after statisticians from the National Sample Survey Office (NSSO) published a report exposing holes in one of the key databases used in India’s gross domestic product (GDP) calculations the controversy around India’s new GDP series...
More »Technical glitches add to NREGA workers' despair -P Sujatha Varma
-The Hindu Wages to the tune of Rs.53.8 crore are yet to be paid in State Vijayawada; Frequent changes in wage disbursal methods and technical glitches, coupled with government apathy, have deprived 8.6 lakh porters of their hard-earned wages worth Rs.53.8 crore in the 13 districts of Andhra Pradesh under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). “Factors that stand between the workers and their wages range from failure of the...
More »Of shells, companies and GDP -R Nagaraj
-The Hindu The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office (NSSO) survey for 2016-17 that has just been released. Since such entities could be shell/fake/bogus companies included in the MCA-21 database of “active” companies used for estimating the gross domestic...
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