Tuesday March 19, 2019
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India’s GDP calculation methodology sparks debate

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By NewsGram Staff Writer

New Delhi: As India adopted a new way of calculating its gross domestic product (GDP) six months ago, the data is in controversy with many people questioning it. There is a debate going on whether or not these numbers be taken on its face value.

Photo credit: tibetanreview.com
Photo credit: tibetanreview.com

However, Finance Minister Arun Jaitley seems to welcome the debate, adding that the government has no role in this matter.

He said at The Economist magazine’s annual conference, “The manner in which the CSO (Central Statistics Office) functions is autonomous and independent of the government… they work at arm’s length from the government, while the models they employ are all internationally compatible.”

India’s new series of GDP figures continue to be wrapped up in controversy, over six months after its release.

Questions pertaining to the new estimates of India’s national income have been raised by several critics. Raghuram Rajan, Governor of Reserve Bank of India (RBI) has stated publicly that it is difficult to take the new GDP numbers at face value and that he needs to study them further.

A committee headed by National Statistical Commission Chief, Pronab Sen, has been set up to examine the estimation methodology. He has however been a vocal supporter of the new series. “In the meanwhile, let both the exercise as well as the debate continue, which is always welcome in democracy,” the minister said.

The Indian economy grew by seven percent in the first quarter of this fiscal, showing signs of slowing vis-a-vis the 7.5 percent expansion in the quarter before. But the growth was much higher than 6.7 percent registered in the first quarter of the last fiscal.

The new number seem quite contradictory when compared with other economic indicators such as the revenue growth of listed firms and bank credit growth, the Index of Industrial Production (IIP), as well as real ground level challenges for companies such as weak demand, high debt and low earnings.

with inputs from IANS

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Dell and Alienware to Launch New PC Gaming Devices to India

Dell also refreshed its G Series gaming laptops with the launch of the new G7 gaming system. With a design that is 19.9mm thin, it is the thinnest G Series laptop to date

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Refreshing its PC gaming portfolio in India, Dell and its subsidiary Alienware on Monday launched Alienware Area-51m, Alienware m15 and Dell G7 devices for the gamers in the country.

Originally unveiled at the CES 2019 in January, the devices have now made their way to India.

Price of Alienware Area-51m starts at Rs 299,590 and is available on dell.co.in while the Alienware m15 starts at Rs 178,399. The Dell G7 15 is available for Rs 157,399 and is also available on dell.co.in.

The new portfolio would be available in retail and multi-brand stores across the country from April 1.

“By an estimate, $1.1 billion would be the size of the Indian gaming industry by 2020. Community engagement, augmenting gaming as a profession and latest technological innovation is how we are defining the gaming landscape in India,” Anand Subramanya, Director, Product Marketing, CSB Dell India, told reporters here.

Alienware Area-51m is also the world’s first gaming laptop that supports upgradable NVIDIA GeForce RTX graphics, 64GB of memory and 2.5Gbps Ethernet technology.

Dell laptops
Dell laptops. Representational image. Pixabay

“This is an exciting time for PC gaming all over the world as well as in India. We are delighted to introduce ground-breaking, high performance gaming machines like Area-51m and m15,” added Frank Azor, Vice President and General Manager, Alienware, Gaming and XPS.

Focusing on portability in gaming machines, the Alienware m15, is the thinnest and lightest 15-inch Alienware laptop, that is aimed at gamers on-the-go. A powerful machine for gamers, it has 8th generation Intel Core i7 processors and NVIDIA GeForce RTX 2060 and 2070 MQ design graphics cards.

Both Alienware Area-51m and Alienware m15 offer “Cryo-Tech v2.0” — an advanced thermal technology that maximises performance and keeps these machines cool.

Also Read- This Smartphone by Vivo Creates The Record of Fastest Selling Smartphone in Company’s History

Dell also refreshed its G Series gaming laptops with the launch of the new G7 gaming system. With a design that is 19.9mm thin, it is the thinnest G Series laptop to date.

Powered by the 8th Gen Intel Core processors and NVIDIA GeForce 20 series RTX graphics card, and 144Hz refresh rate panel, the G7 optimises demanding AAA game titles and can also be utilised for everyday use. (IANS)