Gross Domestic Product (GDP) of the economy recorded growth of 7.3% for quarter ended Sept’16 (Q2’17) as per the data released by MOSPI today. While the figure is slightly better than Q1, the numbers do not appear to inspire confidence for a variety of reasons. The highlight for the quarter is growth of 3.3% in … Continue reading Indian Economy – Sept'16 Performance..
The GDP for Q1’17 has recorded growth of 7.1%, sharply lower than 7.9% recorded in Q4’16, as per the data released by Central Statistics Office (CSO) on Wednesday. However, in terms of Gross value added (GVA), growth rate at 7.3% is only marginally lower than 7.4% of Q4’16. Further, GVA for manufacturing, financial services group & public … Continue reading Demystifying GDP Growth..
From the economy and policymakers’ perspective, a parameter worth considering other than employment per unit of capital is value being added per unit of capital by different sectors. And the result on the second count is quite unusual as the survey shows a negative correlation between capital employed and GVA (gross value added) per unit of capital. … Continue reading Survey of Indian Industries – Part II