The Ministry of Agriculture and Farmers Welfare has contended that the growth in real Gross Value Added (GVA) by the agrarian SECtor will not decline in 2017-18 vis-à-vis 2016-17 as has been predicted by the Central Statistics Office (CSO). The first advance estimates of CSO show that the growth rate in GVA at basic price (at 2011-12 prices) of the 'Agriculture, forestry & fishing' SECtor is likely to dip from 4.9...
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A statistical boost to growth in Indian economy -Manas Chakravarty
-Livemint.com While CSO’s GDP growth estimates will be a disappointment, it will very likely be explained away soon as the market tries to find new and innovative reasons to extend the rally For a few quarters, take all year-on-year (y-o-y) growth figures about the Indian economy with a pinch of salt. That’s because they will now be boosted due to the favourable effect of a low base. Since demonetisation and the introduction...
More »RS Prasad's intervention isn't enough: 4 more questions arising from Tribune's Aadhaar story -Rohan Venkataramakrishnan
-Scroll.in Why did UIDAI ask for an FIR against the journalist if it respects press freedom? Telecom Minister Ravi Shankar Prasad tried to calm some nerves on Monday, following allegations that his government is attempting to gag the press from reporting on SECurity vulnerabilities connected to Aadhaar. Prasad posted a tweet saying the government is committed to a free press and asked the body that oversees Aadhaar to get help from...
More »Agriculture ministry expects upward revision of farm growth rates -Sayantan Bera
-Livemint.com The agriculture SECtor is expected to grow higher than projected 2.1% growth rate in 2017-18 due to likely better output of Kharif and Rabi crop s, the ministry said New Delhi: Days after the Central Statistics Office (CSO) estimated India’s farm growth rate at a poor 2.1% in 2017-18, the agriculture ministry on Sunday said it expects the farm SECtor to grow at a much higher rate, based on better-than-expected production...
More »India's jobless growth is not a myth -Mahesh Vyas
-Livemint.com If we do not recognize the problem on hand, we will not have any reason to try and find solutions India’s jobless growth is a myth, stated R. Gopalan and M.C. Singhi in an opinion piece in Mint on 19 December. They used data published by the Labour Bureau from their employment-unemployment surveys between 2009-10 and 2015-16. These were the first and last surveys conducted by the Labour Bureau on the...
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