-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...
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New EPF enrolment during Sep., 2017 to Apr., 2018 confined to a few industries & states, indicates data
A document of the Ministry of Statistics and Programme Implementation (MoSPI) dated 25th June, 2018 says that the number of members subscribing to the Employees' Provident Fund (EPF) scheme gives one an idea of the level of employment in the formal sector viz. mostly employment in establishments employing 20 or more persons (though EPF is applicable for certain organisations, which employ less than 20 persons, subject to certain conditions and...
More »Measuring Economic Development: Data points undergo changes in 4 yrs -Aanchal Magazine
-The Indian Express GDP growth rates for pre-2011-12 years, making it impossible to compare the new growth data with the growth during the UPA years. New Delhi: From a new gross domestic product (GDP) series to a revised Index of Industrial Production and inflation indices, alongside fresh interventions including payroll reporting based on EPFO data, statistical measurement tools to gauge economic development underwent some change over the past four years. In the...
More »Mining and agriculture lag behind other sectors in terms of GVA growth in Jan-Mar '18
The country’s agrarian sector in the last financial year expanded at almost half the rate at which it grew in 2016-17, shows the recently released provisional estimates by the Central Statistics Office (CSO). As compared to a growth rate of 6.3 percent witnessed in 2016-17, the growth rate in real Gross Value Added (GVA) by the agrarian sector (i.e., increase in agricultural GVA after neutralizing the effect of price inflation)...
More »India's GDP grows 7.7% in Q4, retains fastest growing economy tag
-PTI NEW DELHI: India's GDP grew at the fastest pace in seven quarters at 7.7 per cent in January-March, retaining the fastest growing major economy tag on robust performance by manufacturing and service sectors as well as good farm output. India's economic expansion at 7.7 per cent was significantly higher than China's 6.8 per cent in the January-March period. However, the Indian economy on yearly basis grew at a four-year low of 6.7...
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