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K V Subramanian Profile picture
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Jul 19 • 10 tweets • 9 min read
As employment is an area where uninformed/ misinformed narratives have been endemic, creating a #thread on #jobs to #inform. Again, let us go by the complete #evidence from NSSO's PLFS, which has a very reliable survey methodology 1/9
First, academic research in @epw_in why CMIE employment data is unreliable epw.in/journal/2021/5…
Original ET article economictimes.indiatimes.com/jobs/a-tale-of…
Mahesh Vyas's (IMO feeble) defense economictimes.indiatimes.com/opinion/et-com…
Original Authors' (IMO constructive) rejoinder
economictimes.indiatimes.com/opinion/et-com… 2/9
3/9 #thread on #jobs to #inform
4/9 #thread on #jobs to #inform
5/9 #thread on #jobs to #inform
6/9 #thread on #jobs to #inform
7/9 #thread on #jobs to #inform
8/9 #thread on #jobs to #inform
9/9 #thread on #jobs to #inform
9/9 #thread on #jobs to #inform

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More from @SubramanianKri

K V Subramanian Profile picture
Jul 16
For the record, I supported Demonetization when I was NOT YET CEA. I've always formed my views using empirical evidence even if it meant standing alone based on my courage of conviction. So, to help evidence-based assessments, putting out a #Thread on #EvidenceOnDemon 1/12
Data from World Inequality Database shows inequality ↑ in India from 2004-14, when share of wealthy top 1% in national income ↑ from 18.4% to 21.3% but share of bottom 50% ↓ from 18.8% to 14.7%. Why? ↑ in cronyism & corruption from 2004-14. See indiabudget.gov.in/budget2020-21/… 2/12
Unlike the ↑ in inequality from 2004-14, demon had the effect of redistributing wealth from the rich to the poor. See sciencedirect.com/science/articl…. These findings, which carefully control for various confounding factors, suggest that demon would have helped to ↓ inequality. 3/12
Read 12 tweets
K V Subramanian Profile picture
Jul 16
Correct lesson to learn from this piece of history - JRD Tata's interview - is NOT if X or Y wud've made a better 1st PM bcos that is irrelevant today. Correct lesson is on Economic Policy: on the economic FALLACY of nationalization of industries. 1/5
Focus on the correct questions that JRD asks: "Nationalization of industries... FOR WHOSE BENEFIT?" Yes, nationalization FOR WHOSE BENEFIT? NOT for the benefit of the few workers in these nationalized industries that delivered very low productivity? 2/5
JRD continues "Will (nationalization) lead to MORE WEALTH FOR THE COUNTRY? Will they (i.e. nationalized firms) be better managed?" - precisely the questions that we answered in EcoSurvey 2019-20 indiabudget.gov.in/budget2020-21/… 3/5
Read 5 tweets
K V Subramanian Profile picture
Jul 13
Pearls of wisdom from @Jaspritbumrah93 that capture the spirit of #TheBhagwadGita after his incredible 6/19 display y'day. Lots to learn about how to be स्थितप्रज्ञ=Equanimous to results but keep putting 100% effort irrespective of outcome. Sharing as a #Thread
This is the beauty of cricket (and life), isn't it... One day you will see everything is going in your favour. Another day you can try whatever you want, but it doesn't work for you. That is exactly why you need to keep a stable head.
Every day is a new day. There will be days when you will get the edge 1st ball... & days you will bowl similarly all day but not get a single edge. You don't want to get desperate... That is why I rate stability a lot. Bcos at the end of the day there is very little in your hand.
Read 5 tweets
K V Subramanian Profile picture
Jul 12
I've shared an extensive 55-slide deck on LinkedIn to Disseminate THE INDIA STORY so that facts r separated from fiction. Pls view & share. This thread has relevant slides to India's external debt situation, which is COMFORTABLE! linkedin.com/feed/update/ur…
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Read 12 tweets
K V Subramanian Profile picture
May 28
Nice @TOIPlus Oped w/ insights for kids on learning. My pick: “HARDWORK is the WILLINGNESS TO LEARN things that DON'T COME EASILY TO YOU.” Soo true! From personal experience, can't agree more. Lets make young kids read the article & imbibe the lesson. My experience 2 support: 1/n
1. When preparing for IIT-JEE, Maths came easily to me but Physics didn't. So, forcing myself to learn Physics was indeed hard work. Glad that I did the hard work bcos I wud've deprived myself of the pleasure of understanding physics w/o that hard work. 2/n
2. At IIMC, non-quant subjects such as Organizational Behaviour, Human Resource Management, Sociology, etc. didn't come easily at all to me. Again learning them was hard work. But for that hard work, wonder if I wud've gotten into the PhD program at University of Chicago. 3/n
Read 5 tweets
K V Subramanian Profile picture
Dec 12, 2020
V-shaped recovery of economic activity continued in Oct... IIP & eight-core index further inched up to pre-COVID levels. The broad-base recovery in IIP resulted in a growth of 3.6 percent in Oct-20 as compared to a contraction of 6.6 percent in Oct-19 #finminindia #pibindia (1/5)
Growth in IIP and Eight core industries is on the back of broad-based growth in all the sectors. The consumer and investment goods were the main drivers of IIP growth in Oct-20 #finminindia #pibindia (2/5)
Across the board recovery: 243 out of 407 items in IIP basket grew in Oct-20. In contrast, 217 items grew on average in pre-COVID period (Apr-12 to Feb-20). The similar numbers for Sep-20 and Apr-20 were 196 and 28, respectively #finminindia #pibindia (3/5)
Read 5 tweets

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