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DataSpot

DataSpot

By DataSpot by IndiaDataHub

In the DataSpot podcast, we try to demystify economic data or indicators for you. We will attempt to answer the practicalities of various economic indicators and concepts rather than their theory. We will try and answer questions like, how is a particular indicator calculated or constructed. What are the important assumptions made in calculating that data? And what is its practical relevance? So, the next time you hear about certain data, you appreciate the nuances and limitations of the data rather than be dismissive of it.
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S2E7: Six Years of GST

DataSpotAug 18, 2023

00:00
14:28
S2E7: Six Years of GST

S2E7: Six Years of GST

In this episode, we embark on a data-driven exploration of India's GST since its inception in 2017. As of June 2023, GST has completed 6 years, so, we thought of analyzing the GST data. As we navigate through the twists and turns, starting from the early challenges and leading up to the present state of affairs. Our exploration unveils the connection between how the economy grows, the way taxes are structured, and how policies are put into action. We'll take a closer look at how GST has impacted different aspects of India's economy, from giving smaller businesses a boost in the formal sector to understanding the complexities of indirect taxes. But here's the big question: Has GST really made a significant difference in increasing tax revenue, or are we still standing where we were before GST came into the picture? If you're curious about the answer, then keep those ears tuned in because we're about to unfold the story. So, are you ready to explore the world of GST with us? Keep listening to find out. Follow: IndiaDataHub - https://www.indiadatahub.com, Linkedin - /indiadatahub, Twitter - /IndiaDataHub Ashutosh, Co-founder of IndiaDataHub - LinkedIn - /ashutoshdatar, Twitter - /adatar Swapnil, Host - LinkedIn - /swapkar, Twitter - /Swap_Kar Anisha, Co-host - LinkedIn - /anisha0724 Feedback/queries/suggestions on podcast@indiadatahub.com

Aug 18, 202314:28
S2E6: Ethanol: From Farm to Fuels

S2E6: Ethanol: From Farm to Fuels

If you think that mixing drinks is meant for humans alone, then you might be wrong. Well, humans have developed cocktails for our vehicles too and they are called biofuels. Although the name is too boring for cocktails, they are very fancy. One of the biofuels is named ethanol-blended petrol. The recipe is simple: mix ethanol and petrol in a ratio of 10:90. USA and Brazil are at advanced stages where they are mixing more than 50-80% ethanol. India is in third place globally when it comes to ethanol production. And we are progressing at a rapid pace. India has a natural advantage in it as it is one of the top producers of sugarcane. And Ethanol is sugarcane’s by-product. If we become successful in blending more and more ethanol each year, then our dependence on oil will start declining. We all know that we import millions of barrels of oil per day, and we also know that oil is a finite resource. So, mixing ethanol can make us more self-reliant and also increase farm incomes by making a byproduct more valuable. So, what is India’s Ethanol policy? Where are we heading towards? You can know all this in this episode. Follow: IndiaDataHub - https://www.indiadatahub.com, Linkedin - /indiadatahub, Twitter - /IndiaDataHub Ashutosh, Co-founder of IndiaDataHub - LinkedIn - /ashutoshdatar, Twitter - /adatar Swapnil, Host - LinkedIn - /swapkar, Twitter - /Swap_Kar Anisha, Co-host - LinkedIn - /anisha0724 Feedback/queries/suggestions on podcast@indiadatahub.com

Aug 04, 202315:20
S2E5: The Services Export Story

S2E5: The Services Export Story

When we think of exports the thing that comes to our mind is goods – phones, televisions, machinery, oil, plastics, cars etc. We think of huge ships through which goods are transported across countries. Even the government policy is largely focused on goods exports. However, it is services exports where India is having the most traction. Services exports have been consistently growing faster than goods exports for more than two decades now and thus services exports have grown relative to goods exports. While India is the 18th largest exporter of Goods, it is the 7th largest exporter of services. Will our services exports be larger than goods exports? Are there any countries currently which have higher services exports? Is our composition of services more or less concentrated relative to other countries? That and more in this episode of DataSpot. Follow: IndiaDataHub - https://www.indiadatahub.com, Linkedin - /indiadatahub, Twitter - /IndiaDataHub Ashutosh, Co-founder of IndiaDataHub - LinkedIn - /ashutoshdatar, Twitter - /adatar Swapnil, Host - LinkedIn - /swapkar, Twitter - /Swap_Kar Anisha, Co-host - LinkedIn - /anisha0724 Feedback/queries/suggestions on podcast@indiadatahub.com

Jul 21, 202309:05
S2E4: Agriculture: Beyond Rainfall

S2E4: Agriculture: Beyond Rainfall

Every year in May, we stumble upon one piece of news and that is - when and how much will it rain this monsoon season? If it rains less, we face issues like farmers’ distress, lower levels of water reservoirs, inflation, etc. But if it rains more, all the infrastructure fault lines erupt.
Right now, we are at a time when monsoon has begun but was delayed. Many people believe that deficient, surplus or abnormal rains can pull down the agriculture GDP. It is obvious and commonsensical to believe that this could be true. Although this might be true at the regional level or for a crop-specific output, it is not true at a macro level. Surprised?
Well, we will refute this assumption in this episode.
Follow: IndiaDataHub - https://www.indiadatahub.com, Linkedin - /indiadatahub, Twitter - /IndiaDataHub Ashutosh, Co-founder of IndiaDataHub - LinkedIn - /ashutoshdatar, Twitter - /adatar Swapnil, Host - LinkedIn - /swapkar, Twitter - /Swap_Kar Anisha, Co-host - LinkedIn - /anisha0724 Feedback/queries/suggestions on podcast@indiadatahub.com

Jul 07, 202310:19
S2E3: Passive Power: The rise of Passive Mutual Funds

S2E3: Passive Power: The rise of Passive Mutual Funds

Do you prefer investing in Nifty Index/ETFs instead of specific stocks? Are you a person who is always searching for sectoral or thematic Index Mutual Funds or ETFs? Passively managed funds such as ETFs and Index funds are becoming very popular not just globally but in India. Did you know that out of the total mutual fund AUM (assets under management), 16% of it is in the passive form in India? And 40% in the USA? What are the reasons for the growing popularity of passive funds? It is not just institutional money that is driving this growth but retail investors are also investing into these passively managed funds. Of the 10 biggest mutual fund schemes in India, 5 are passively managed funds. And passively managed funds are not just about stocks, you can use passive funds to invest in the debt market too! In this episode of the DataSpot Podcast, we discuss the growth of passive funds in India and leave you with a few things to think about. Follow: IndiaDataHub - https://www.indiadatahub.com, Linkedin - /indiadatahub, Twitter - /IndiaDataHub Ashutosh, Co-founder of IndiaDataHub - LinkedIn - /ashutoshdatar, Twitter - /adatar Swapnil, Host - LinkedIn - /swapkar, Twitter - /Swap_Kar Anisha, Co-host - LinkedIn - /anisha0724 Feedback/queries/suggestions on podcast@indiadatahub.com

Jun 23, 202315:60
S2E2: Japan: From Exporter of Goods to Exporter of Capital

S2E2: Japan: From Exporter of Goods to Exporter of Capital

Once upon a time, Japan was growing at a rapid pace. It was an export powerhouse too. In the '80s, its export share crossed 10% of global exports. Now, things have changed. It has been caught in many socio-economic problems that hinder its growth. Its export engine no longer outpaces others. Its share in global exports has fallen to just 3% in 2022, even lower than it was in the 1960s! The country now runs a trade deficit. But still, the country runs a large current account surplus. Sustained low interest rates have meant that the country is now one of the largest exporters of capital in the world. Often neglected, the primary income balance component from the balance of payments, has been more than offsetting the rising trade deficit. But when and how did it happen? That and more in this episode of DataSpot Podcast. Follow: IndiaDataHub - https://www.indiadatahub.com, Linkedin - /indiadatahub, Twitter - /IndiaDataHub Ashutosh, Co-founder of IndiaDataHub - LinkedIn - /ashutoshdatar, Twitter - /adatar Swapnil, Host - LinkedIn - /swapkar, Twitter - /Swap_Kar Anisha, Co-host - LinkedIn - /anisha0724 Feedback/queries/suggestions on podcast@indiadatahub.com

Jun 09, 202312:21
S2E1 - The Utility of the Union Budget

S2E1 - The Utility of the Union Budget

India’s central government presents the Union Budget every year before the Parliament closer to the end of a financial year. It publishes how much it expects to earn through taxes and other means and how much it plans to spend on salaries, infrastructure, social development and other categories in the next financial year. We have seen many times that the actual results are different from the budgeted estimates. Another aspect of the Union Budget is that it becomes an event. Loads of commentary in newspapers, TV channels and social media follow as soon as the finance minister starts the speech, and it goes on and on for the entire week. But have you seen such enthusiasm during the state budgets? Well, we need more analysis of state budgets because states spend a lot more than the central government, especially on development programmes.
That’s why we raise these questions: 1. Are budgeted numbers of the Union Budget credible enough? 2. How do states earn and spend money vis-a-vis the central government?

Follow:

IndiaDataHub - https://www.indiadatahub.com, Linkedin - /indiadatahub, Twitter - /IndiaDataHub

Ashutosh, Co-founder of IndiaDataHub - LinkedIn - /ashutoshdatar, Twitter - /adatar

Swapnil, Host - LinkedIn - /swapkar, Twitter - /Swap_Kar

Anisha, Co-host - LinkedIn - /anisha0724


Feedback/queries/suggestions on podcast@indiadatahub.com


May 26, 202312:58
Ep 8 - How International Transactions are Recorded?
Dec 22, 202216:39
Ep 7 - Introduction to MSP
Dec 16, 202219:34
Ep 6 - Of what practical use is this GDP?

Ep 6 - Of what practical use is this GDP?

In the previous episode we understood what is GDP. Now, let us understand how to interpret the data? But before that we should understand what different types of GDP data gets released? Why it takes three years to finalise the GDP data? How to interpret the data revisions? 

In this episode we also tell you how the GDP data is calculated. Honestly, it is complicated! 

We also know that half of India's GDP relies on unorganised sector. But we don't know exact GDP of unorganised sector. Do you want to know how the GDP of unorganised sector is calculated? Well, then we have explained it too in this episode. 

GDP calculation, in general, involves some hard-core observable data, but most of the times it includes approximations, proxies and modelling. Therefore, its process, interpretation as well as use-case differs from that of something like inflation data. 

We have heard experts contesting over few decimal point growth rates in GDP data. Is such in-depth analysis really necessary? We cover that as well. 

So, in short, this is a compact package on how to interpret the GDP data. Give it a shot and let us know your feedback.

Sources and Further References:

1. NAS Sources and Methods 2012 

2. Measuring Informal Economy in India _ Indian Experience, By S V Ramana Murthy

3. Methodology for Estimating Quarterly GDP

4. Understanding the New Series of National Accounts 

5. Changes In Methodology And Data Sources In The New Series Of National Accounts 

6. Chp 13 - National Account Statistics - National Statistical Commission

7. Notes On Methodology And Revisions In The Estimates

8. Measuring informality, ILO

9. Press Note First Revised Estimates Of National Income,  Consumption Expenditure, Saving And Capital Formation, 2020-21

10. Studying revisions in Indian GDP data, Ideas for India

Follow:

IndiaDataHub - Official Website, LinkedIn and Twitter

Ashutosh, Co-founder of IndiaDataHub - LinkedIn and Twitter

Swapnil, Host - LinkedIn and Twitter

Dwiti, Co-host - LinkedIn and Twitter

Feedback/queries/suggestions on podcast@indiadatahub.com

Dec 09, 202221:52
Ep 5 - Say Hello to GDP
Dec 02, 202214:50
Ep 4 - Who Moves Your Interest Rates?
Nov 25, 202217:25
Ep 3 - Inflation: Vantage Point
Nov 18, 202213:36
Ep 2 - How is Inflation Calculated in India?
Nov 11, 202218:54
Ep 1 - Different Strokes of Inflation
Nov 03, 202215:02
Ep 0 - Introducing the DataSpot Podcast

Ep 0 - Introducing the DataSpot Podcast

In this introductory episode, we set the context for this Podcast series. We talk about why we are doing this podcast and what you should expect in the subsequent episodes. While this podcast will be about economic data, we will (hopefully) not bore you with economic theory or concepts. Rather we are interested in the practicalities of data and concepts. We want to explain how the data comes into being, what are its limitations and practical relevance.

Oct 23, 202203:21