tag:blogger.com,1999:blog-33693245.post5811917890341601312..comments2024-03-04T23:40:58.133+05:30Comments on The Big Picture: Demonetisation and other forecasts: the pundits got it wrongThe Big Picturehttp://www.blogger.com/profile/06018983225756352176noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-33693245.post-25118741487963434922017-03-29T01:16:21.754+05:302017-03-29T01:16:21.754+05:30Yes, the pundits got the polls wrong, but whether ...Yes, the pundits got the polls wrong, but whether they were wrong on the long term impacts too - including reshaping of socio-political forces - is a question for future generations.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33693245.post-14705780056689430252017-03-22T15:36:47.765+05:302017-03-22T15:36:47.765+05:30Sir, what is your view on increasing formalization...Sir, what is your view on increasing formalization of the economy? <br /><br />Slowly, we have an increasing proportion of economic activity that is forced to come in to formal organized sector - 1) through tax reforms and 2) through reduction in currency availability. Moreover, the new method of GDP calculation also gives a higher weight to formal sector. Thus, we may see a very high growth (double digit as I've blogged); but not a proportionate change in lifestyles of people.<br /><br />A higher fraction of organized sector is desirable in many ways, but my fear is that official data would be less reliable due to the missed informal sector.<br /><br />Public Onionshttps://www.blogger.com/profile/02837290325920004366noreply@blogger.comtag:blogger.com,1999:blog-33693245.post-69823310502746462862017-03-20T18:53:20.764+05:302017-03-20T18:53:20.764+05:30ok lets agree for arguement sake that there was no...ok lets agree for arguement sake that there was no or minimal effect on GDP.but what are the benefits? what did we get out of it? Anonymoushttps://www.blogger.com/profile/01411183410468611652noreply@blogger.comtag:blogger.com,1999:blog-33693245.post-84951017016233055752017-03-16T14:41:37.151+05:302017-03-16T14:41:37.151+05:30Hi prof. Is it possible for you to publish the art...Hi prof. Is it possible for you to publish the article on the blog as I don't subscribe to BS subscription magazine. ThnksLeonhttps://www.blogger.com/profile/17130308025793537280noreply@blogger.com