India’s GDP growth, or of 60% of it

Rupa Rege Nitsure, chief economist at L&T Holdings, said the current year’s growth “appears to be overstated as our National Accounts Statistics does not adequately capture activities from the unorganised sector“.

“While the numbers make sense in terms of direction of change, their actual magnitude appears to be overstated,” she said.

The so-called “unorganised sector” – made up of informal workers – is believed to account for about 40% of India’s economy.

Indian economic growth slows in final quarter of 2016 – BBC News, February 28, 2017 at 10:55PM

Advertisements

Published by

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s