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SIMON KUZNETS
Despite robust GDP growth, why is household spending still sluggish?Management teams question weak growth despite fast economy post strong GDP release. Factors include investment-led recovery, falling labor ...- View: A 7%-plus growth target is all very fine. But let’s not get too colonised by this narrow indexThe concept of GDP emerged from the devastation of the Great Depression and World War 2. Nobel-winning economist Simon Kuznets envisioned c...
- View: A policy shift away from GDP generation, and towards improving development indicators, is long overdueFor India, there are three key steps we may explore. First, to measure the destruction of natural and social capital.
- GDP has no relevance, should not be treated as Bible, Ramayan and Mahabharat: BJP MP Nishikant DubeyParticipating in the discussion on the Taxation Law Amendment Bill and a statutory resolution disapproving the ordinance on the same legisl...
- View: How randomised control trials have indeed been an effective tool for development economicsAn RCT randomly allocates volunteers to, say, two groups. One is treated with the drug in question, the other with a placebo. There are ove...
- View: GDP is a flawed way of figuring out how well a country is doing, but it mattersThere are many things wrong with GDP but it also measures the economic performance of a govt.
- At 7.6%, India is the fastest-growing economy or the best data fudger7.9% growth is something else: a crazy statistical fudge, a delight for emperors in need of clothes, spikes in the hearts of Kuznets. Here ...
- We must learn to live with growing income inequalityWe should be clearer and less sanctimonious about inequality. Poverty is an absolute concept. Inequality is relative.
- ET in the Classroom: GDP FiguresGDP estimates for the second fiscal quarter will be released next Tuesday amid increasing concerns over the quality of data, especially aft...
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