Former Chief-statistician-pronab-sen

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Real impact of demonetisation will be known only by 2018-end: Former chief statistician Pronab Sen
Business

Real impact of demonetisation will be known only by 2018-end: Former chief statistician Pronab Sen

Sen noted that the country does not have a system of getting a more regular data on the unorganised sector

GDP data without demonetisation impact on informal sector lacks credibility
Business

GDP data without demonetisation impact on informal sector lacks credibility

The GDP numbers capture economic activity in the formal sector, which constitutes just 10-15 percent of the economy while the informal sector accounts for an estimated 45-50 percent