While the proposed changes in tax laws are applauded it is not clear how household savings will move in India in the future
Given that household-level secondary education was not readily available from Census 2011, the PLFS survey might have used some proxies
Above everything else, we must understand that over the last few years we have been held hostage to economic ideas that were governed more by rhetoric than by data-based evidence
With the changing nature of labour market, we need to change the definition of employment in the NSSO survey
The EPFO data is a step ahead of the US payroll counterpart that gives out numbers only according to industry and not states
Theories juxtaposed with big data will give birth to a new generation of policy-relevant models
Even if we assume formalisation pushed up the formal employment, can we deny we were under-reporting such payroll data earlier?
It may perhaps be the best time for the government to introduce reforms in the coming Budget to radicalise government-saving schemes