The Indian economy has been witnessing a flux of good news lately. The GDP growth for the October-December quarter stood at seven per cent, beating all expectations of the negative impact of demonetisation. Stock markets hit their highest in two years, and the rupee stood at a three-month high. Representational image. Thinkstock However, scepticism over the true reflection of the demonetisation impact in growth figures has been widespread. Japanese financial holding company Nomura rightly pointed out that the figure fails to capture the negative impact on the unorganised sector as it is largely based on organised sector data.
Nevertheless, obsession […]
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