Data collection and compilation have suffered in a big way due | Observer Research Foundation
Data collection and compilation have suffered in a big way due to the pandemic-induced disruptions. So, estimation of GDP has turned into a difficult job. Even in this inaccurate time for estimation, it is now quite clear that consumer demand remained depressed throughout the last fiscal year. When people frequently losing livelihood opportunities due to economic disruptions and health-related fatalities becomes a “new normal”, then compensating that loss of income/purchasing power by some other ways is the only way forward in the short run. Moving in that direction is the only way that can keep the economy and people alive in the long run, writes Abhijit Mukhopadhyay.
