Manipulated statistics | SabrangIndia News Related to Human Rights Thu, 09 Mar 2017 07:34:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 https://sabrangindia.in/wp-content/uploads/2023/06/Favicon_0.png Manipulated statistics | SabrangIndia 32 32 7% GDP Growth – Really? https://sabrangindia.in/7-gdp-growth-really/ Thu, 09 Mar 2017 07:34:10 +0000 http://localhost/sabrangv4/2017/03/09/7-gdp-growth-really/ The official estimates released by government recently, show a robust 7% growth in GDP, belying the effect of demonetisation on the economy. According to Prof. Surjait Majumdar, the growth figure is over estimated and is based on a faulty methodology. He explains that methodology of GDP estimation, that is being followed since 2011-12, underestimates the […]

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]]> The official estimates released by government recently, show a robust 7% growth in GDP, belying the effect of demonetisation on the economy. According to Prof. Surjait Majumdar, the growth figure is over estimated and is based on a faulty methodology. He explains that methodology of GDP estimation, that is being followed since 2011-12, underestimates the impact demonetization on the informal sector which is the major provider of employment. He also, explains that the evidence from other indicators – declining index of industrial production, reduced credit off take from banks and stagnant tax collection coupled with lack of cash for transactions, clearly indicate that economy is in stagnation.

 

Courtesy: Newsclick.in

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