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Arvind Panagariya, who served as Niti Aayog's Vice Chairman from January 2015 to August 2017, said Prime Minister Narendra Modi worked hard over the past 10 years to make India a friendly place for businesses, so investment is coming in.
Arguments that the size of this sector—and contribution to GDP—is overestimated are flawed. PLFS data suggests that it's far likelier to have been undercounted.
A common criticism of GDP calculation is that it ignores cost of degradation of environment and, so, is short-sighted in its approach
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Professor Arun Kumar tells Karan Thapar his calculations show that in Q1, GDP shrank by 50% and not 23.9%, and in Q2 GDP shrank by 25% and not 7.5% as the government claims.