ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Shruti J PandeySubscribe to Shruti J Pandey

ASI Results for 2011-12

The latest Annual Survey of Industries report, released for 2011-12, shows a high growth in the value of output, gross value added as well as employment generation. The ASI data suggests that over the past three decades Indian industry has spread to rural areas, creating more value and jobs than in industry located in urban areas. Industry is spending a smaller proportion of value added on interest paymen ts than it did in the earlier decades. However, compared to the 1980s, the share of profi t in gross value added has increased signifi cantly, while factory-floor workers' emoluments as a share of total earnings have reduced.

Advance Estimates of GDP (2013-14): An Analysis

The Central Statistics Office's advance estimates of GDP in 2013-14 place growth in the year at 4.9%. The regular differences every year between the advance and revised estimates of GDP suggest that the former will be modified either upwards or downwards when the final figures come in about two years hence. This is somethingthe CSO needs to look into though there are definite reasons for why the revisions take place, leading to more accurate estimates. The new series of GDP at basic prices is also discussed here.

RBI's Policy Rate

Reviewing the policy responses of the Reserve Bank of India over the past few years, it is argued that in recent times the RBI has sent mixed signals to the market. On the one hand a reduction of the marginal standing facility rate made funds cheaper for banks, but on the other, two successive hikes in the repo rate suggest a tightening of monetary policy. If the RBI's current approach to the twin challenges of reining in inflation and stimulating growth continues, the market will remain on tenterhooks

Trends in Agricultural Production

The fourth advance estimates of agricultural production in 2012-13 see only a small change in output forecasts, but the outlook for 2013-14 is for a substantially higher level of foodgrain production. In the recent past, the area and production of non-foodgrains has risen faster than of foodgrains.
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