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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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Growth in Agri GVA deflator shows a declining trend in comparison to growth in other sectoral GVA deflators

e of inflation in services (such as health and education) vis-à-vis the rate of inflation in Consumer Food Price Index (CFPI). A similar picture emerges if we check the performance of Agri gross value added (GVA) deflator vis-à-vis other sectoral GVA deflators. After calculating the various sectoral GVA deflators, it could be observed that the year-on-year (y-o-y) growth rate in Agri GVA deflator (an alternative measure of inflation)

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Deepening slowdown: on the Indian economy

slowest pace of annual growth. The data clearly reflect the pain points in the real economy that have been evident for some time now. For one, the farm sector continues to remain in trouble with GVA (gross value added) growth in agriculture, forestry and fishing having slowed sharply to 2.7% in the last quarter, from a 4.2% pace in July-September and 4.6% a year earlier. With rabi sowing showing a shortfall across most crops after a deficient north-ea

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No achhe din for the farmer -Ashok Gulati & Ranjana Roy

ncern, however, is with the performance in agriculture, which engages almost 47 per cent of the country’s workforce. Its growth, therefore, has a significant influence on poverty. The growth of gross value added (GVA) at basic prices from the “agriculture, forestry and fishing” sector is expected to be 2.7 per cent in 2018-19 — as against 5 per cent in 2017-18. This is a massive drop of 46 per cent. The CSO clearly states that

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Unmet farm challenge

s haven’t translated into higher farm incomes, which are a product of output multiplied by current prices. According to the Central Statistics Office, the annual growth in “nominal” gross value added (GVA) from agriculture at current prices for October-December was 2.04 per cent. Not only was this below the “real” GVA growth of 2.67 per cent, but also the lowest since the minus 1.1 per cent rate recorded way back in Octob

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Farm income growth slumps to a 14-year-low in Oct-December 2018 -Harish Damodaran

-The Indian Express October-December 2018 is also the second consecutive quarter where growth in gross value added (GVA) from agriculture has been lower in nominal than in real terms. The country’s farm sector output may have grown by just 2.7 per cent year-on-year in October-December 2018, the lowest in 11 quarters. But what should worry the NDA government more than the low increase in “real” terms (i.e. at constant prices)

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Slowing Economy, Rising Joblessness -Subodh Varma

owest in six consecutive quarters. Analysts expect that this slowdown will last till mid-year at least. Looking deeper than these headline numbers, a much more serious picture emerges. Agriculture gross value added (GVA) grew at a stunningly low rate of 2.7% in the third quarter, compared to 4.2% in the preceding quarter and 5.2% in the first quarter of 2018-19. This is not some seasonal dip: in the third quarter of 2017-18, GVA growth was 4.6%, al

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