After Strong GDP Numbers, Politics And A Twin Puzzle

  • 2:28
  • Published On: March 03, 2017
Cinema View
Embed
Prime Minister Modi has silenced critics of his notes ban with a 7 per cent GDP or Gross Domestic Product growth in the 3rd quarter, but experts and political rivals are asking two key questions. First, how did consumption go up when there was hardly any cash with people to buy anything? And second, why was there a steep downward revision of Q3 figures for the previous year? Union Finance Minister Arun Jaitley told NDTV that the higher consumption simply revealed that people moved from the informal to the formal sector. "The GDP data shows that there is growth in formal economy," said Mr Jaitley.

Related Videos

China's Economy Grows Faster Than Estimates
April 16, 2024 6:00
World Bank Raises India's Growth Forecast To 7.5%
April 03, 2024 4:24
"Economic Value Of Women's Unpaid Work Can Be Upto 7% Of GDP": FICCI FLO Chief Sudha Shivkumar
March 27, 2024 4:10
India's GDP Growth Forecast  For 2024 Pegged At 6.8%: Moody's
March 04, 2024 1:03
Indian Economy Outperforms
February 29, 2024 0:58
GDP Growth Beats Estimates In 3rd Quarter, Economy To Expand 7.6% This Year
February 29, 2024 5:15
India To Be 3rd Largest Economy By 2027, Surpass Japan, Germany: Jefferies
February 22, 2024 1:00
UK Slips Into Recession After Japan
February 15, 2024 0:39
IMF Raises India's Growth Outlook: Experts Decode The Numbers
January 30, 2024 3:26
IMF's Krishnamurthy Subramanian Predicts Over 7% Growth For Next Financial Year
January 13, 2024 23:01
Advance Estimates Peg GDP Growth During 2023-24 At 7.3%
January 05, 2024 1:43
Will 2024 Change The Face Of Global Politics?
December 29, 2023 7:35
Our Offerings: NDTV
  • मध्य प्रदेश
  • राजस्थान
  • इंडिया
  • मराठी
  • 24X7
Choose Your Destination