-TheWire.in Real average daily wages improved between 1993-94 and 2011-12, but gains of growth have bypassed casual workers, women and rural areas. Over the past two decades, India became one of the two fastest growing economies in the world, alongside China. The gross domestic product (GDP) has risen four folds since 1993. But has this growth been distributed to lower economic inequality? Has the increase in wages matched the pace of growth...
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Did Modi just give an A+ to Manmohan on economy?
-The Times of India NEW DELHI: A government-appointed panel has estimated that the economy grew at a double-digit rate (10.1 per cent) in 2006-07, a first in the post-Liberalisation era and the second highest ever. The new series uses 2011-12 as the base year for prices, as against 2004-05 in the old series. The panel headed by Sudipto Mundle concluded that the difference is minimal, addressing concerns often raised about the...
More »MoSPI says back series GDP figures 'not official', formal data later
-PTI As per the back series data on GDP, Indian economy clocked a 10.08 per cent growth rate in 2006-07, the highest since Liberalisation of the economy in 1991 New Delhi: Amid ongoing controversy over the back series GDP figures showing better economic performance during the UPA regime, the Ministry of Statistics and Programme Implementation (MoSPI) on Sunday said "these are not official estimates" and the data will be released officially later. As...
More »Need for changes in agrarian policy
-The Hindu All India Kisan Sabha to take out march to Parliament in November Tamil Nadu: The All India Kisan Sabha, along with over 190 farmers organisations from across the country, would take out a three-day ‘Kisan Mukthi Long March’ to Parliament in November seeking radical changes in the agrarian policy in order to prevent farmers’ suicides under a neo-Liberalisation regime, said its national president Ashok Dhawale. He is here in connection with...
More »Arvind Subramanian, outgoing Chief Economic Adviser to the Ministry of Finance, interviewed by TCA Sharad Raghavan (The Hindu)
-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...
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