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 capital market stood out despite global headwinds. Consumption showed uneven growth. Some high frequency indicators point to resilience in urban demand, but rural demand a concern.
Economy is expected to show same rate of yr-on-yr expansion for 2023-24 financial year, she added, citing impact of improved inflation management & macroeconomic stability.
Higher GDP growth, lower inflation & boost to capex could be among benefits of simultaneous polls, according to paper by 15th Finance Commission chairman N.K. Singh.
And despite a 0.8% contraction in the agricultural sector, the overall Q3 performance has prompted an upward revision in full-year growth estimates to 7.6% in the 2nd Advance Estimates.
In article published in Economic & Political Weekly, he said data from ‘Hindu period’ of 1-1000 AD shows per capita GDP & population growth were both stagnant, no better than world’s.
While boosting capex & rural spending, govt has set fiscal deficit target of 5.1% of GDP, which means Centre will have to borrow less to finance deficit, allowing pvt sector to borrow more.
Govt’s estimates peg economy at $3.57 trillion in 2023-24, which means achieving the $5 trillion mark by next year is nearly impossible. IMF estimates target will be hit by 2026-27.
Apart from these factors, in the new year, food prices will continue to be vulnerable to global uncertainties & weather events, while household borrowings from banks will remain steady.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
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.
Coaching centres for Army aspirants in Jhunjhunu are shutting down due to plummeting admissions in the face of a lack of job guarantees under Agnipath Scheme.
What is the use of GDP? What are all the parameters to be validated is based on GDP .. whether that will be validated with the present value or what you are telling to the previous one i.e by deflating with a value. So your idea is to bring down the GDP which is going on increasing more than the inflation rate. Compare GDP and inflation every year for the past 20 years and come to conclusion.
What is the use of GDP? What are all the parameters to be validated is based on GDP .. whether that will be validated with the present value or what you are telling to the previous one i.e by deflating with a value. So your idea is to bring down the GDP which is going on increasing more than the inflation rate. Compare GDP and inflation every year for the past 20 years and come to conclusion.