The fall in India’s GDP growth may have made global headlines. But a member of India’s governing party just declared that GDP numbers will serve no real purpose in the future.
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00:00Mr. Cutnett said that it is not true to consider GDP only as the Bible, Ramayana and Mahabharata.
00:09And in the future, there will not be much use of GDP.
00:30In the future, there will not be much use of GDP.
00:52Mr. Cutnett said that it is not true to consider GDP only as the Bible, Ramayana and Mahabharata.
00:59And in the future, there will not be much use of GDP.
01:03This is a theory, sir, which is a new theory, which is called sustainable economic welfare.
01:09This is a theory, sir, which is a new theory, which is called sustainable economic welfare.
01:19This is a theory, sir, which is a new theory, which is called sustainable economic welfare.
01:24More important than GDP is whether sustainable economic development and happiness is happening or not.
01:31We are able to provide facilities to the common village poor women and women.
01:37Therefore, whoever talks about the theory of GDP, they are wrong.
01:41There is no meaning of GDP for this country.
01:43The meaning is that we are reaching to the last person or not.
01:47Mr. Modi is going or not, we are going and this is the truth.