Tracing the Contours of Official Economic Statistics in India

Tracing the Contours of Official Economic Statistics in India PDF Author: Arjun Kumar
Publisher: Dr Arjun Kumar, IMPRI Impact and Policy Research Institute
ISBN: 8195126030
Category : Social Science
Languages : en
Pages : 46

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Book Description
The system of official economic statistics in India has undergone myriad changes since Independence. There have been various developments in its administrative structures and changing levels of focus on different economic sectors. The types of datasets available for these sectors have been ever-evolving and undergo dynamic changes owing to real-time measurement and analysis using ICT. The Agricultural and Livestock Censuses capture data on the agricultural sector. For the Industries sector, Annual Survey of Industries and the Directorate of Industries in states are the two major sources of data. Since economic liberalisation in India, there has been an increased focus on the Services sector and developing a well-organised mechanism to cover it. This sector is covered by National Sample Surveys, Ministry of Corporate Affairs’ MCA-21 Database, GSTN and others. The unorganised and informal sectors of the economy also find coverage in NSS Rounds on Employment and Enterprises. The Census of India, the Economic Census, Price Indices and NSS Rounds on Consumption Expenditure, Enterprises and Employment, among others, are major sources of economic statistics as well. We also have new arrays of data for the formal sector in the form of EPFO, Direct Tax, Property Tax and others. Using this sector-wise classification of Agriculture, Industries, and Services, and also including the unorganised and informal sectors, the paper explores India’s structure of economic statistics. While the paper draws attention to recent datasets and rounds of surveys, the focus is also on the evolution of the system of official economic statistics in India. The paper highlights issues with the credibility and utility of the available data, in light of a declining GDP growth which also gives rise to more serious questions on the reliability of the country’s data architecture and system of economic statistics. It also discusses structural changes such as those of the MoSPI and NSC. The system of official economic statistics in India now faces the challenge of adapting to Information and Communication Technology. The paper thus emphasises the role of strengthening realtime and Management Information Systems’ data to enable evidence-based policymaking and planning and realise the vision of ‘New India’ and a US$ 5 trillion economy.

Tracing the Contours of Official Economic Statistics in India

Tracing the Contours of Official Economic Statistics in India PDF Author: Arjun Kumar
Publisher: Dr Arjun Kumar, IMPRI Impact and Policy Research Institute
ISBN: 8195126030
Category : Social Science
Languages : en
Pages : 46

Get Book Here

Book Description
The system of official economic statistics in India has undergone myriad changes since Independence. There have been various developments in its administrative structures and changing levels of focus on different economic sectors. The types of datasets available for these sectors have been ever-evolving and undergo dynamic changes owing to real-time measurement and analysis using ICT. The Agricultural and Livestock Censuses capture data on the agricultural sector. For the Industries sector, Annual Survey of Industries and the Directorate of Industries in states are the two major sources of data. Since economic liberalisation in India, there has been an increased focus on the Services sector and developing a well-organised mechanism to cover it. This sector is covered by National Sample Surveys, Ministry of Corporate Affairs’ MCA-21 Database, GSTN and others. The unorganised and informal sectors of the economy also find coverage in NSS Rounds on Employment and Enterprises. The Census of India, the Economic Census, Price Indices and NSS Rounds on Consumption Expenditure, Enterprises and Employment, among others, are major sources of economic statistics as well. We also have new arrays of data for the formal sector in the form of EPFO, Direct Tax, Property Tax and others. Using this sector-wise classification of Agriculture, Industries, and Services, and also including the unorganised and informal sectors, the paper explores India’s structure of economic statistics. While the paper draws attention to recent datasets and rounds of surveys, the focus is also on the evolution of the system of official economic statistics in India. The paper highlights issues with the credibility and utility of the available data, in light of a declining GDP growth which also gives rise to more serious questions on the reliability of the country’s data architecture and system of economic statistics. It also discusses structural changes such as those of the MoSPI and NSC. The system of official economic statistics in India now faces the challenge of adapting to Information and Communication Technology. The paper thus emphasises the role of strengthening realtime and Management Information Systems’ data to enable evidence-based policymaking and planning and realise the vision of ‘New India’ and a US$ 5 trillion economy.

Plotting the contours for India’s economic development: Why this could be a role model for other developing nations as well

Plotting the contours for India’s economic development: Why this could be a role model for other developing nations as well PDF Author: Sujay Rao Mandavilli
Publisher: Sujay Rao Mandavilli
ISBN:
Category : Business & Economics
Languages : en
Pages : 89

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Book Description
In a paper published by us a couple of years ago on Anthropological Economics, (the year 2020 to be precise) we had mooted the idea of trickle up economics as contrasted with the rather more popular and mundane trickle down economics. We had argued that the latter would be somewhat dubious, iffy, inconsistent and non-replicable in a wide variety of situations, particularly in the case of developing nations. We had argued that trickle up economics would actually boost wide-ranging economic growth, and add to the Gross domestic product in a big way. While we never were, and still are not big fans of socialism, we have always argued, and will continue to argue for balanced, diversified and equitable economic development models. There is a world of difference between the two. We had also argued that the economic models pursued by advanced industrial nations will not by and large, work in developing nations. Thus, American style economic conservatism is meaningless in Indian political and economic contexts. There are fundamental differences in ground realities between these two different sets of nations. It would make eminent sense for the readers of this book to read the aforesaid paper as well, as we will not be able to reproduce the contents in this paper in its entirely here; many of the proposals advocated and espoused in this paper can also be implemented by developing economies, though rather much more slowly. We focus only on the meat here............

India Transformed

India Transformed PDF Author: Rakesh Mohan
Publisher: Brookings Institution Press
ISBN: 0815736622
Category : Business & Economics
Languages : en
Pages : 491

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Book Description
In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.

Catch Up

Catch Up PDF Author: Deepak Nayyar
Publisher: Academic
ISBN: 0199652988
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
This book is about the evolution of developing countries in the world economy situated in its wider historical context, spanning centuries, but with a focus on the period since the mid-twentieth century. It traces the rise and 'catch up' of the developing world and the shift in the balance of power in the world economy.

The Republic of India

The Republic of India PDF Author: Alan Gledhill
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 309

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Book Description


Global Trends 2040

Global Trends 2040 PDF Author: National Intelligence Council
Publisher: Cosimo Reports
ISBN: 9781646794973
Category :
Languages : en
Pages : 158

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Book Description
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

The Digitalization Conundrum in India

The Digitalization Conundrum in India PDF Author: Keshab Das
Publisher: Springer Nature
ISBN: 981156907X
Category : Business & Economics
Languages : en
Pages : 318

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Book Description
This book examines the nature, extent and implications of rapid strides digitalization has made in India since the turn of the millennium. These have been examined not merely in the sphere of information and communication technology (ICT) but its multifarious applications spreading across almost all aspects of production, services and institutions which have profound repercussions for the transformation of the society and economy at the micro, meso and macro levels. With contributions from both ICT scholars and social scientists, this book presents diverse scenarios and unravels challenges faced in the process of technical applications, access by the users of these disruptive technologies (automation, e-commerce, big data analytics & algorithms, artificial intelligence, cloud computing, etc.) which, unlike heavy machines (embodied technology), mostly defy physical space, pace of mobility and inoperability between technologies. Chapters in this volume address challenges and possibilities in establishing and operating intricate engineering infrastructure, technical and societal constraints encountered in broad-basing digitalization across layers of educational and social skills conducive to difficult geographies. Issues dealt within this book include farming, healthcare, education, food processing, e-commerce, labour, rural community development, open source data and information democracy. The chapters also reflect upon implications on local economy and society, of the very global nature of these seamless technologies where inter-operability remains the quintessential advantage of digitalization whether promoted or spearheaded through the state, private sector or global capital. The book critiques policy inadequacies and suggests plausible policy approaches to reduce the adverse impacts of fast digitalization and broad-base potential benefits across space and levels of socio-economic development of regions and society. This book would be of interest to scholars, practitioners, technocrats, industry analysts, policy makers and civil society agencies.

Contours of India-EU Engagements

Contours of India-EU Engagements PDF Author: Neeta Inamdar
Publisher: Manipal Universal Press
ISBN: 9388337263
Category : Education
Languages : en
Pages : 480

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Book Description
The unprecedented uncertainties marked by the pandemic and strategic conflicts between the key forces have redirected our attention to the importance of partnerships and engagements in international relations. India-EU dialogues through the annual summits have familiarized each other towards a greater understanding of one another’s perspectives and interests. Their strategic engagement has broadened in the last few years to include climate change, energy, connectivity, migration, education, science and technology, and research and innovation. The growing convergence in Brussels and New Delhi’s strategic interests open up new windows of opportunities for greater cooperation on diversified issues. Capturing the new momentum in India-EU relations, this book uncovers various issues and topics spanning across politics, education, and culture. Each chapter in this book analyzes the scope of the cooperation, the existing challenges that India and the EU encounter, and provides policy recommendations for the future.

Twenty Years of India's Liberalization

Twenty Years of India's Liberalization PDF Author: Rashmi Banga
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 112

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Book Description
At head of title: United Nations Conference on Trade and Development.

Commission on the Organization of the Government for the Conduct of Foreign Policy

Commission on the Organization of the Government for the Conduct of Foreign Policy PDF Author: United States. Commission on the Organization of the Government for the Conduct of Foreign Policy
Publisher:
ISBN:
Category : Diplomatic and consular service, American
Languages : en
Pages : 1116

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Book Description