With the agriculture sector employing 45% of the workforce but accounting for only 15% of GDP, it confirms that two-thirds of India’s workforce engages in low-productivity work.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
India's growing at more than twice the speed of global economy, and doing better than any other large economy, but longer-term problems with country's statistical system & data base remain.
While indicators of urban demand are growing at a sharp pace, rural consumption is in slow lane. However, manufacturing, mining and construction have all seen double-digit growth.
Two articles, one by visiting Princeton prof & another by ex-CEA, question India’s GDP calculation. 'Critics latch on to anything that doesn't paint economy in good light,' says govt.
Agriculture, and financial, real estate & professional services sectors grew faster this year than last year, while most of the other sectors registered slower but robust growth.
It should be cause for worry that, by latest quarter, agriculture had become 25% bigger than manufacturing. This is the exact opposite of what 'Make in India' intended.
Having received additional data on Covid-impacted 2020-21, govt has revised the year’s growth upwards in each revision. Growth for post-pandemic 2021-22 has also been estimated higher.
India’s civil services were once called the ‘steel frame’. But steel is forged in fire, not moulded in a coaching class. While dilution has made the exam easier, it has also made it harder to find the game-changers we need.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
I feel that the unorganized sector does more ‘Nyaya’ to the work force than the ‘khatakhat’ approach of Congress Party to raise the GDP.