Growth isn't loud. It's the quiet moment you choose not to argue, react to judgments, defend your disagreement, engage in one-sided beef, and fix something you didn't break. Real strength is letting things be; not because you can't engage, but because you've outgrown the need to.
Normalize listening to your body. The body can literally reject someone's energy. You will start to feel very uneasy anytime someone's energy disturbs your spirit. Discomfort is your body's alarm system. Your body knows — trusting what it's telling you is top tier self-care.
India's GDP growth coming from a combination of factors:
* GST and tax reforms, reducing logistical frictions
* Digital public infrastructure that lowers transaction costs
* Fiscal discipline, aided by asset monetisation
* Lower inflation, improving planning horizons
* Public capex, upgrading roads, ports, railways
https://t.co/GDPWki9VDD
- Swaminathan S Anklesaria Aiyar
MOSPI aims to overhaul India's statistical systems!!
(Highly informative article amisdst all the controversy surrounding data and methodology used for GDP estimation in India!!)
1. Measuring the Indian economy is a complex task. Regional disparities, the coexistence of formal and informal sectors, and vastly different forms and kinds of work make It difficult to capture all economic activity accurately.
2. Further challenge lies in updating information regularly and ensuring that data allow for comparisons across time-something that has often been difficult in India given the low frequency of key surveys.
3. Reliable and consistent measures at both the national and subnational levels are, however, essential to understanding not just how much the economy is growing and changing, but where and for whom that growth occurs.
4. In this regard many new initiatives of the Ministry of Statistics and Programme Implementation (MOSPI) are very encouraging. Most of these are aimed at ensuring the regular provision of high-frequency, spatially disaggregated Information on key economic variables like employment, output, income, consumption and investment.
5. The launch of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) in FY 2021-22 was an important step towards the annual measurement of economic activity within the unorganised sector.
6. Another major gap in the current system pertains to the annual measurement of the formal service Sector. The Ministry has announced that it will launch the Annual Survey of Incorporated Services Sector Enterprises (ASISSE), which will capture this component of the economy. This will be yet another valuable addition, because unlike the Annual Survey of Industries (ASI) which provides annual data related to the formal secondary sector, there is no such annual survey for the service sector.
7. Taken together, the ASUSE, ASI and ASSISE can provide the statistical backbone to generate reliable data pertaining to economic activity across Sectors and regions.
8. In 2017, India started the Periodic Labour Force Survey (PLFS), with the objective of providing annual estimates related to the country's labour force.
9. The PLFS was a major shift towards the provision of annual estimates. In January 2025, MoSPI went a step ahead and announced that national-level PLFS estimates will now be made available on a monthly basis, and that quarterly estimates will now be available for both urban and rural areas.
10. Similarly, Household Consumption Expenditure Survey (HCES) has replaced the old series of consumption surveys.
11. All 'real' GDP estimates are associated with a base year. Currently, the Indian statistical system follows FY (Financial Year) 2011-12 for this and a base year revision is, therefore, long overdue, MoSPI is currently in the process of revising the base year.
12. The ministry aims to introduce several potential methodological improvements in GDP estimation. Going forward, new sources of information such as the GST database and data from some of the newer surveys will be used to estimate GDP.
13. Measures will greatly enhance the precision of estimation at the sub-national levels (State and district). The Ministry is working with State governments to come up with estimates of District Domestic Product (DDP), i.e., the district-level counterpart of GDP. A reliable DDP framework will, in turn, allow comparisons across States and districts and help identify the true sources of economic growth.
14. MoSPI has also conveyed its intention of launching a new annual survey-the National Household Income Survey (NHIS). Thus far, India has relied on the NSS consumption survey to get a sense of household income through its observed spending, but this survey will provide a more direct measure of a key indicator of economic outcomes.
15. All the above measures will help in significant revamp of statistical systems related to the measurement of the economy.
#UPSC #upsceconomy
Relationships are so beautiful when you and your partner are like best friends. You show up together, share inside jokes, talk openly, have fun, and vibe like besties. They shouldn’t replace your actual friends, but it’s amazing when the connection isn't only romantic.
If you want to dominate your field, you have to outwork everyone. Your talent, as impressive as it might be, is only a starting point. It's your discipline and your consistency that will define your journey. Discipline means showing up and pushing past your limits even when the stands are empty and the applause is absent. Consistency means doing it all over again tomorrow, and the day after, and every day after that. All without any signs that what you’re doing is paying off.
If you think you’re safe because you have 1 crore health insurance
You’re wrong. Dangerously wrong.
What I discovered will change how you approach every hospital visit.
Most Indians have NO idea.
The best way to gain job security is not being the most knowledgeable person in the room. It's being the most reliable person in the room.
Information is abundant. Dependability, helpfulness, and responsiveness are relatively scarce.
We count on people who consistently deliver.
I found a pattern. Profits appear exactly one quarter before IPO and collapse exactly one quarter after
Take Urban Company for example. In FY24, they reported a loss of Rs 93 cr
But in FY25, the year they were preparing to go public, they reported a profit of ₹240 Cr
7/12
But here's the thing, for insiders to exit at these high valuations, the company needs to look incredible before listing
Better revenue, better margins, stronger growth. So what do they do? They dress up their financials or as I like to call it- financial engineering
6/12
Even the marquee IPOs had massive OFS components
Tata Capital raised ₹15,500 Cr, Lenskart raised ₹7,200 Cr. Again, OFS component was anywhere between 55-70%
So when you apply for these IPOs you're actually just buying shares from someone who wants to exit
5/12
Don't tell everyone your side of the story. Not everyone is on your side. Not everyone has your best interests at heart. Not everyone wants to see you win. Some people talk to you to talk about you. Being private and not telling people more than they need to know is top-tier.