Six iterations of annual data over a three-year period raise serious questions about the reliability of national income data as a basis for sound policymaking
Here's a selection of Business Standard opinion pieces of the day
It would be a major miracle if the economy does not contract this year
Enhancing the investment and turnover limits for MSMEs was overdue, but the smaller units will have serious reservations
Big bang reforms have been the norm under Modi government, writes Sanju Verma
The Covid crisis makes "data driven" projections inaccurate, as the past provides zero guidance for the future.
From India's first non-agri-driven recession, to Parliament missing in action, and why study suggests blood cancer patients usually survive Covid-19 - read these and more in today's India dispatch
Growth in govt spending is leading to fiscal stress, crowding out
The Union government's tax buoyancy has never been very high
Will the strategy of society instead of the State controlling the virus be tested by rising deaths?
Stock markets generally discount an outcome a few months in advance. They might have seen the bottom in March, unless a more ferocious second wave results in a fresh lockdown, writes Ambareesh Baliga
G11, if it materialises, is good for India
Variation between revised and final Budget numbers has grown
Weekly economic indicators show a rise in economic activity in days leading up government announcing easing coronavirus lockdown
Manufacturing is weakening, as is the job-generating construction sector
GDP data shows virus hit an already weakened economy
However on the extreme ends, Bernstein pegged fall in the gross domestic product (GDP) at 7 per cent and Asian Development Bank projected GDP growth at 4 per cent
According to Subbarao, the country is going to face its worst recession in the current financial year
State governments were already faced with a lower-than-budgeted share in central taxes and subdued own revenue growth, when the 21 days economic lockdown was imposed from March 25
Maharashtra can expect to get additional funding from the increased allocation of Rs 40,000 crore to the Mahatma Gandhi National Rural Employment Guarantee Act announced by the Centre