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Solution to economy's woes: Boost incomes of those who will spend it best -Harish Damodaran

e sector — which includes forestry and fishing — grew 2.04% year-on-year during the quarter. But what is significant isn’t the “real” growth (i.e. at constant prices) in gross value added or GVA. More relevant is GVA – the value of output of a good, less the cost of all inputs and raw material used in its production — rising by 7.90% in “nominal” terms or at current prices. It means farm prices goi

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Shock slowdown -R Suryamurthy

il-June quarter of 2019, its weakest expansion in the past 27 years. The real big worry is that growth in the manufacturing sector — which has a big bearing on employment — measured by gross value added shrank to 0.6 per cent in the first quarter from 12.1 per cent expansion a year ago, and 3.1 per cent in the previous quarter. Growth in the farm sector was also subdued at 2 per cent compared with 5.1 per cent in the corresponding pe

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Green shoots of economic growth -Naveen P Singh & Ranjith PC

tment in the agriculture sector in most developing countries over the past 30 years has resulted in low productivity and stagnant production. In India, with a steadily decreasing share of 14.4% in gross value added since 2015-16, the sector’s contribution to a $5-trillion economy would be around $1 trillion — assuming a positive annual growth rate hereafter. Investment is the key to unlocking the potential of a developing economy. H

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Upward GDP revisions for note ban, GST years surprising, says ex-CEA -Asit Ranjan Mishra

Modi-Jaitley Economy released last year, Subramanian had said demonetization dealt a “massive, draconian, monetary shock" and hinted he was not consulted on the matter. “Real GVA (gross value added) growth for the informal sector are based on and proxied by the IIP (index of industrial production), which is mostly composed of formal sector firms. The informal sector accounts for 30% of manufacturing GVA and hence about 5% of overal

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The farm-factory connect -Ashok Gulati

Raising farm productivity is the first step to increasing rural demand and reviving the manufacturing sector As per the last report of National Statistical Office (NSO) released on May 31, the gross value added (GVA) at basic prices (2011-12 prices) for the fourth quarter (Q4) of 2018-19 has slumped to 5.7 per cent for the overall economy, 3.1 per cent for manufacturing, and -0.1 percent for agriculture, forestry and fishery. However, for the e

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Make up for lost time -Puja Mehra

day, the new government’s first day in office, show GDP growth slowed to a five-year low of 6.8% in 2018-19, even as the unemployment rate rose to a 45-year high of 6.1% in 2017-18. Agriculture gross value added (GVA) growth is estimated at negative 0.1% and manufacturing GVA growth at 3.1% in the January-March quarter. The economy is struggling with an investments and a manufacturing slowdown, rural distress, unremunerative farm incomes, sta

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GDP scare

vices firms from MCA-21 were not traceable, 21 per cent were ‘out of coverage’ and many others did not respond to queries. The MCA-21 database makes up the bedrock of the corporate sector gross value added (GVA) estimates for GDP calculations, under the new series. Prima facie, fears that the existence of shell companies in the MCA-21 database grossly overstates the country’s GDP seem to be overdone. The NSSO’s findings rela

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'Firms missing from database will not affect GDP calculation' -TCA Sharad Raghavan

. About 21% were designated “out of coverage”, 12% as untraceable, and 4.5% as closed. The government has started using the MCA-21 database to calculate the Gross Domestic Product and the gross value added. The deficiencies in the database have alarmed a section of economists, who pointed out that this weakens the integrity of the national accounts data. However, noted statisticians The Hindu spoke to said this was not the case. “

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Statisticians dismiss concerns on growth numbers raised by NSSO study: Report

the new Ministry of Corporate Affairs (MCA-21) database will have no major impact on growth. The government has started using the MCA-21 database in calculating the Gross Domestic Product and the gross value added The Mint had on May 8 pointed out to the NSSO study released last week that found around 36 percent of companies included in the MCA-21 database either untraceable or wrongly classified. Titled 'Technical Report on Service Sector E

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Growth in Agri GVA deflator saw a rising trend between 2005-06 & 2009-10, despite using different sources of back-series data

The year-on-year (y-o-y) growth rate in Agri gross value added (GVA) deflator (an alternative measure of inflation) shows a rising trend between 2005-06 and 2009-10. In other words, price rise pertaining to the agrarian sector accelerated during the period under discussion. This particular trend has been observed irrespective of whether one uses the GVA/GDP back-series data (Base 2011-12=100) that was computed by the National Institution for T

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