Has economic slowdown reduced? Here's what Surjit Bhalla thinks

Source :SIFY
Author :
Last Updated: Thu, Oct 31st, 2019, 20:20:33hrs
Economist Surjit Bhalla, the exective Director-Designate for India to the International Monetary Fund on Wednesday shared his views on the economic slowdown in the country, the state of the economy.

The former part-time member of Prime Minister Narendra Modi's Economic Advisory council in this interaction also spoke on real interest rates, and the impact of various reforms.

Here is the video of the interaction:

Bhalla resigned from Modi's economic advisory council in Dec'18.

Unlike his peers, Bhalla, had usually dismissed the idea of demonetisation leaving a huge hole in the GDP. According to him demonetisation (Nov'16) had resulted into a decline of 0.4% in GDP (Q1 Fy18).

Post his resignation from the economic council, Bhalla said that withholding the NSSO unemployment data by the government was a "huge mistake".