Rupa Rege Nitsure, chief economist at L&T Holdings, said the current year’s growth “appears to be overstated as our National Accounts Statistics does not adequately capture activities from the unorganised sector“.
“While the numbers make sense in terms of direction of change, their actual magnitude appears to be overstated,” she said.
The so-called “unorganised sector” – made up of informal workers – is believed to account for about 40% of India’s economy.
Indian economic growth slows in final quarter of 2016 – BBC News, February 28, 2017 at 10:55PM
