Ep. 130: Demystifying GDP
The Seen and the Unseen - hosted by Amit Varma
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The Problem With the SNA in India
In India, especially it's complicated because of so many bad labor laws and industrial laws, we have a very large informal economy. So you know, how do we get around that? But there is no easy answer to that. And in fact, the size of the informal economy is massive. I mean, in some estimates, it's about 40 to 50 percent in emerging countries.
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