The Intel  (R) Pentium (R) IIIProcessor

Search
The Indian Express

The Financial Express

Latest News

Screen

Express Computer
Feedback
Corporate Results

Expresswheels

Travel

Ebate

Matrimonials

Careers

Lifestyle

Astrology

E-Cards

Columnists

Graffiti

Crossword

Letters

Environment

Jewellery
Info-tech

Power

Steel

Global Tenders

Filmtvindia

In association with Amazon.com

Books Music

Enter keywords


FINANCIAL EXPRESS FRONT PAGE

Corporate

Economy

Expressions

Markets

Leisure

 

Monday, July 12, 1999

Ministry gropes in dark for cotton output estimates 

MD Dewani  
Mumbai, July 11: The economic division of the Union finance ministry is still groping in the dark on the actual cotton production figures and this is not unusual as past estimates were no different. According to analysts, this is apparent from the dubious figures incorporated in the Economic Survey 1998-99 and prepared by the ministry's economic division.

There can, of course, be variations in estimates of the current season's crop by diverse agencies, because of the difference in calculating methods, sources of information and coverage. However, no such variations in figures of actual production in the previous seasons can be justified, since they can be corrected by comparing them with the figures of actual ginning and pressing as also with figures of production and consumption of cotton maintained by the Union textile ministry.

That the Economic Division has neglected to do any such cross-checking is evident from the incredible cotton production statistics included by it in the Economic Survey.

Acomparison of the production figures given in the Economic Survey with those of output and consumption published by the textile ministry may go to prove that the statistical information given in the Economic Survey in this regard is devoid of reliability. A glance over these figures may at once show that while production figures given by the Textile Ministry are in line with those of consumption given by it, production statistics given in the Economic Survey are far lower than those of consumption and are therefore bound create serious doubts about their dependability.

For instance, if one were to accept that the figure of cotton production of 111 lakh bales in 1997-98 as given in the Economic Survey is correct, one may find it impossible to explain how, in that case, cotton consumption reached 158.58 lakh bales in that season, since imports in that season were just of the order of four lakh bales (and exports took away 3.50 lakh bales). Moreover, looking to the Economic Survey's production figures for theearlier seasons, there can be no previous seasons' carry forward stocks either.

Similar arguments can prove that the Economic Survey's cotton production figures for the earlier seasons are also equally unreliable. Unless therefore the economic division of the finance ministry can convincingly contradict the figures of cotton consumption given by the textile ministry, it can have no option, but to concede that its own production figures are doubtful and it has erred in incorporating them in the survey. This may also raise a question about reliability of production figures of other agricultural crops given in the Economic Survey. The economic division may well argue that it had received these figures from the agriculture ministry, but that may not absolve it from its own responsibility to cross-check the information coming to it from various sources. Since this is not done, totally unreliable statistics get into the survey and from there into the text books for schools as well as colleges.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


Top


 

Click here for a printer-friendly page Printer-friendly page



EXPRESSindia.com
News   Business    Sports   Entertainment
The Indian Express | The Financial Express | Latest News | Screen | Express Computers
Travel | MatrimonialsCareersLifestyle | Astrology
E-Cards | Graffiti | Environment | Jewellery | Info-tech | Power