“GDP Is Overstated” Says Morgan Stanley’s Chief Global Strategist Ruchir Sharma

The Logical Indian

July 5th, 2016 / 1:51 PM

The Logical Indian had earlier published an article on how the latest GDP figure given by the government, growing at 7.6% could be an overestimation of the economy owing to the unusually large proportion of discrepancies (as a percentage of GDP growth). Yesterday, Ruchir Sharma, the chief global strategist at Morgan Stanley has flagged the GDP of India and has called the GDP number being “overstated”.  

 

Speaking to PTI,  he said, “I think India’s GDP data is overstated.”


Persisting doubts

Ruchir Sharma did convey India’s FDI inflows have been a bright spot. However, he has cast his disapproval of the investment climate in India where he has commented that private investment has been very poor and the investment is largely being spearheaded by the government sector. 


The GDP calculation, its methodology and its conclusion have also been espoused by the likes of Chief Statistician of India T.C.A. Anant. The verdict seems to be split, there are two views about the GDP calculation method in India.

 

The Logical Indian would like to raise the following questions to add value to the debate by going beyond the debate of whether the GDP is growing at close to 8%:

  1. If among our readers, there are people who are looking for jobs, kindly share your view on how much is the job availability especially in the private sector?
  2. If there are entrepreneurs among our readers, do share your stories regarding consumption patterns of people, investment climate etc.
  3. Are you able to save more ? Are you able to spend more?

 

Do share your thoughts and your personal experiences of the same. We will be happy to share your thoughts and opinions about the same.

 


Contributors

Edited by :

Share your thoughts..

Related Stories

Telangana Elections

Over 22 Lakh Voters’ Names Missing From Telangana Voter List; Chief Election Officer Says, “I Am Sorry”

Ds Hooda Surgical Strike

Politicians Using Military Forces As A Tool, Says Former Chief Of Surgical Strike

Supreme Court Arun Jaitley

SC Slaps Rs 50,000 Fine On Advocate ML Sharma For Filing PIL Against Arun Jaitley

Demonetisation Was Draconian

Demonetisation: “Massive, Draconian, Monetary Shock”, Says Modi Govt’s Former Chief Economic Advisor

Soldiers Social Media

Army Chief Says Complaining On Social Media Could Invite Punishment – Is This Right?

Coldplay Global Citizen Festival

While India Is Going Gaga Over Coldplay’s Global Citizen Festival, What Exactly Is “The Global Citizen”?

Latest on The Logical Indian

News

Maharashtra Govt Publishes Job Recruitment Ad Under Maratha Quota, Bombay HC Asks Why

News

17 Months On, Kerala Govt Fails To Implement SC Order On Piravom Church Amidst Protest

Awareness

Why Air Pollution Debate Needs To Shift From Delhi To Other Cities?

News

Election Results: MP, Rajasthan, Chattisgarh, Telengana & Mizoram; Who Won Where?

News

Govt Rejects Army’s Demand For Implementation Of 7th Pay Commission

News

Rupee Opens 114 Paise Lower After Urjit Patel’s “Unfortunate” Resignation

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.