• 2 years ago
Dr. Bibek Dibroy, Chairman, Prime Minister's Economic Advisory Council. In an exclusive interview with Outlook Money he threw light on almost all set of challenges, the economy is facing right now. See what all he has to say in this teaser.

Part 1 of the interview will be out tomorrow.

#Economy #BibekDibroy #Money #OutlookMoney #OutlookMagazine #OutlookGroup
Transcript
00:00 GDP and Economy, we have a very special guest with us, Mr. Vivek Dibroi, who is the Chairman
00:05 of Prime Minister's Economic Advisory Council.
00:07 So welcome, sir, for joining us.
00:09 I am only going to comment on the Arvind Subramaniam paper.
00:15 The Arvind Subramaniam paper, had Arvind Subramaniam been any economist, any arbitrary economist,
00:23 would have been ignored, trashed.
00:28 Had he been a PhD student, his supervisor would have said, "Go revise it."
00:37 Because it has several serious methodological issues.
00:42 It is an attempt to sensationalize, and the only reason it is getting attention is because
00:50 Dr. Arvind Subramaniam happens to be a former Chief Economic Advisor, and as a former Chief
00:56 Economic Advisor, he should have had better sense.
00:59 It is a very strange way of estimating GDP.
01:03 No economist ever in the world has attempted something like this.
01:07 And in this, you have a situation where every person is an expert on GDP, and because the
01:13 series has been revised, thinks that there is something wrong with the data.
01:18 What this government plans to do, we still do not know.
01:24 We have some problems with NBFCs.
01:27 I don't think quantitatively, the NBFC problem is as serious as the NPF problem.
01:35 Quantitatively.
01:36 I also...
01:37 With the indicators, I would like to quote some indicators.
01:42 Unemployment is highest in last 5 years.
01:44 Agricultural growth dips to 2.9%.
01:47 Auto sales growth dips to lowest in 3 years.
01:50 Air travel growth lowest in 6 years.
01:51 With the bad performing indicators like these, can we see this 5 trillion dream transpire
01:58 into reality?
01:59 Or this is another tall claim that doubling the farmer's income by 2020.
02:05 We do not know what this government's objective is.
02:08 You do not know.
02:09 I do not know.
02:10 Let's wait till the 5th.
02:11 [Whoosh]
02:12 (explosion)
02:15 [BLANK_AUDIO]