Niti Aayog vice-chairman Arvind Panagariya said the ministry of statistics and program implementation is working on designing labour-market surveys that would eventually provide reliable estimates of growth in jobs. (Reuters) While some critics are sceptical of the 7% GDP growth reported for Q3 of FY17 when demonetisation had impacted cash-based consumptions and other economic activity, especially in the rural and informal sectors, Niti Aayog vice-chairman Arvind Panagariya points to “reasonably firm” inflation to argue that there was no sharp dip in demand during the period. In an interview with FE’s Prasanta Sahu and K.G. Narendranath, he says that India […]
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