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Studying revisions in Indian GDP data
The GDP numbers for a given year undergo a sequence of revisions based on data availability. The periodic revisions are meant to reveal the true picture of the economy, and affect macroeconomic forec...
- Amey Sapre Rajeswari Sengupta
- 28 November, 2016
- Articles
How do electricity shortages affect industry in India?
Poor electricity supply is widely recognised as a key impediment to firm growth and productivity. This column finds that average reported level of electricity shortages in India reduces annual plant r...
- Hunt Allcott Allan Collard-Wexler Stephen D O'Connell
- 25 November, 2016
- Articles
Notes ban: Modinomics vs. Moditics
Maitreesh Ghatak, Professor of Economics at the London School of Economics, contends that while the ban on high-denomination currency notes is bad economics, it is a brilliant political move.
- Maitreesh Ghatak
- 23 November, 2016
- Perspectives
Demonetisation and rural cooperative banks
The RBI has barred rural cooperative banks from exchanging or accepting the denotified Rs. 1,000 and 500 notes. In this article, Ajay Vir Jakhar of Bharat Krishak Samaj - a non-partisan association of...
- Ajay Vir Jakhar
- 22 November, 2016
- Notes from the Field
A monetary economics view of the demonetisation
The demonetised Rs. 1,000 and 500 notes were 86% of the total volume of cash in India. In this article, Ajay Shah, Professor at NIPFP, argues that if a significant scale of firm failure were to come a...
- Ajay Shah
- 21 November, 2016
- Perspectives
GDP conundrum: A synoptic view
R Nagaraj, Professor of Economics at IGIDR, summarises the key points of controversy around the methodology and implications of the new GDP series.
- R. Nagaraj
- 20 November, 2016
- Perspectives
Going cashless but thinking cash?
In this article, Bappaditya Mukhopadhyay, Professor of Economics and Finance at the Great Lakes Institute of Management, contends that switching from a predominantly cash-based to cashless economy nee...
- Bappaditya Mukhopadhyay
- 20 November, 2016
- Perspectives
Picking up the pieces
In an earlier article , Pronab Sen, Country Director, IGC India Central, examined some of the economic consequences of the recent demonetisation of Rs. 1,000 and 500 notes in India, and concluded that...
- Pronab Sen
- 18 November, 2016
- Perspectives
GDP conundrum: Some areas of concern around growth overestimation in Indian manufacturing
Based on the new GDP series, large upward revisions in manufacturing growth rates were made – from 1.1% to 6.2% in 2012-13, and from -0.7% to 5.29% in 2013 – 14 that were not reflective of the actual ...
- Amey Sapre
- 18 November, 2016
- Perspectives
Policymaking in the ‘grey zone’
Prerna Mukharya, Founder of Outline India – a social enterprise that focuses on data collection, impact assessments and evaluation studies, predominantly working with rural populations in remote areas...
- Prerna Mukharya
- 17 November, 2016
- Notes from the Field
GDP conundrum: What makes the changes in the new series so radical?
Dennis Rajakumar and S.L. Shetty of the EPW Research Foundation, present a detailed explanation of the wide-ranging changes in the new 2011-12 National Accounts Statistics series.
- J. Dennis Rajakumar S.L. Shetty
- 16 November, 2016
- Perspectives
Introduction to e-Symposium: The GDP conundrum
Ever since India’s Central Statistical Organisation came out with the new GDP series with 2011-12 as the base year, controversy has surrounded it. The CSO claims that the new series is calculated bas...
- Parikshit Ghosh
- 16 November, 2016
- Symposium