Bibek Debroy, the head of PM’s economic advisory panel said that India lacks a good amount of data particularly on economy and jobs as it is majorly an informal economy.
Mr. Bibek highlighted certain vital points which says that it is difficult to draw an inference as to what is happening on labor and employment from data gathered from the organizations.
Mr. Bibek, also a member of the NITI Aayog, said that they don’t have a good amount of data on economy and jobs because India is majorly an informal economy.
Bibek Debroy, the head of PM’s economic advisory panel said that India lacks a good amount of data particularly on economy and jobs as it is majorly an informal economy. However, on the other hand, a report claimed high buoyancy in employment numbers under Narendra Modi led government.
Mr. Bibek highlighted certain vital points which says that it is difficult to draw an inference as to what is happening on labor and employment from data gathered from the organizations. The reason is very simple that there are very few individuals in India who work under an employee-employee kind of relationship.
Mr. Bibek, also a member of the NITI Aayog, said that they don’t have a good amount of data on economy and jobs because India is majorly an informal economy. So, therefore, they don’t have excellent data whether it is employment, labor or other things which are unlike the so-called developed countries.