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.
Manufacturing sector a major disappointment as it contracted 1.1% in Q3. Services such as tourism, transport & communications saw strong growth in this quarter.
Analysis of industrial & consumer data not included in usual ‘high-frequency indicators’ shows although demand seems to have recovered from pandemic, it remains weak.
When lynching, hate speech and bulldozer politics do not speedily invite the wrath of courts, then something is wrong with the third pillar of governance.
While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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