Economy and Finance

Economic Advisory Council slams Arvind Subramanian, says his criticism of GDP estimation methodology ‘lacks rigor’

The Economic Advisory Council to the Prime Minister (EAC-PM) has released a detailed analysis of India’s new GDP estimation methodology.

Commerce and Industry minister Piyush Goyal urges China to clamp down on unfair trade practices by Chinese exporters

Piyush Goyal asked China to stop unfair trade practices, and increase import of Indian services to correct trade balance

GDP calculation system revised in line with international standards: govt clarifies Arvind Subramanian’s allegations of overstating growth numbers

Govt says GDP numbers calculated as System of National Accounts 2008 (2008 SNA) adopted by United Nations Statistical Commission

RBI cuts repo rates for third time in a year; alters policy stand to ‘accommodative’

The RBI has delivered a rate cut of 25 bps, making it three consecutive rate cuts in a year

World Bank retains forecast of 7.5% growth in FY19-20 for the Indian economy

The World Bank has projected that the Indian economy will grow at a rate of 7.5 per cent for the next 3 fiscal years.

The debate around PLFS is back and here are the issues that the politicised controversy fails to consider

The Periodic Labour Force Survey (PLFS) is officially out, and with it, the controversy on job growth over the last 5 years has resurfaced.

India’s GDP grew by 6.8% in the last financial year, quarterly rate fell below 6% in the last quarter

The GDP growth rate for the financial year 2018-19 was 6.8% at constant price, and 11.2% at the current price.

Modi 2.0 effect: SENSEX crosses 40,000 for the first time, NIFTY touches 12,000

For the first time in India's history, the S&P BSE SENSEX has crossed the 40,000 mark.

Sensex surges over 900 points as exit polls predict a second term for Modi

In 2004, after the BJP had conceded defeat, the markets had crashed by almost 850 points

The discussion around GDP data is driven by political and ideological belief, not data and facts

The recent debate regarding the GDP has come with the backdrop of a report that suggests that the MCA-21 database has 36% of its companies unsuitable for collection of data

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