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Wednesday, March 27, 2024
TopicGDP

Topic: GDP

Parliamentary panel urges Modi govt to increase MGNREGS workdays from 100 to 150

While activists also say the number of work days should be increased, they stressed it could be done only if adequate funds were allocated for the scheme.

Manufacturing, investment drive India’s FY24 growth estimate, but consumption needs to rebound

Govt's first advance estimates peg India’s nominal GDP growth at 8.9%, lowest since Covid-hit 2020-21 & lower than 10.5% assumed at start of year. This could put pressure on fiscal deficit target.

India’s GDP expected to grow 7.3% in 2023-24, National Statistical Office estimates

The upward revision by the RBI and the NSO comes on the heels of India reporting more-than-expected July-September quarter growth.

India’s GDP data has several issues that need clarity, but overall the economy is a good news story

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.

World Cup win & $4 tn economy? Australia dashed hopes of former, but simple math negates the latter

Many including Union ministers cited still from YouTube livestream of 'real time GDP data' to celebrate India becoming '$4 tn economy'. But govt data shows claim is unfounded.

Human-centric, but also GDP-centric. What Indian govts need to keep in mind on expenditures

According to International Monetary Fund’s World Economic Outlook, Indian govts spend about 28% of GDP, which is more than many countries. But greater spending hasn't delivered better infra.

Princeton prof says India ‘beautified’ GDP data for G20. Govt denies, says no change in methodology

Visiting Professor Ashoka Mody says India chose to ‘dismiss inconvenient truths’ about GDP data to look good. Where was criticism when the economy tanked during COVID, asks govt.

Robust services growth, revival in consumption demand & strong capex fuelled 7.8% Q1 GDP growth

Manufacturing sector saw only marginal improvement in Q1. Consumption-based high-frequency indicators present mixed picture. Going ahead, export likely to remain drag on growth.

GDP to IIP—Indian statistical systems have bigger problems than ‘underestimating’ population

It is always a good idea to see if survey results are consistent with other indicators of the economy. The problems of measurement make it difficult to do this in India.

On Camera

Mamata Shankar stuck in Dark Ages. Gen Z showing India there’s no one way to wear a saree

In an interview with Anandabazar Patrika Shankar waxed eloquent about her many objections to the pallu not covering the bosom area of Gen Z women. She called them ‘women of the street’.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

Taiwan reports Chinese military activity around the island

Taiwan has detected a total of 301 Chinese military aircraft and 165 Chinese naval vessels so far in 2024.

For BJP, Kejriwal is an idea whose time has come to be destroyed

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.