Exclusive Experts: Is India's 7.8% Growth Missing The Unorganised Sector?
\n\nIn an exclusive interaction with Times Now Digital, Senior Economist Professor Dr Arun Kumar and Economist Mitali Nikore decode the growth picture of the Indian economy. Given below is a short excerpt of the full interaction.
\n\nQ. Professor Arun Kumar, you have stated, and I quote in your words, "there is a brewing crisis in the unorganised sector and the data is not reflecting this" please explain to our viewers.
\n\nA. So you know, this quarter one data has come for the period April-June when the economy was in a crisis because energy was short, gas was selling in black, diesel was selling in black. Many industries did not get enough gas and therefore their production was cut. Hotels, restaurants, many of them closed down or they had to increase their prices. So consumption of the unorganised sector actually got affected very badly. Now, why are we getting this 7.8% growth? It is because if you look at the methodology that is given in the MoSPI release, it says that we are following the IMF methodology of the 2017 and what does this methodology say that is also given in…
Original source: https://www.timesnownews.com/business-economy
