So the chief economist of the govt. is saying that people are not "so desparate" and not "so distressed" - sometimes you just need to apply a little logic rather than & #39;economics& #39; to a problem. Troll me for being a twitter economist. Thread. @narendramodi https://twitter.com/SandeepParekh/status/1259534465426210816?s=20">https://twitter.com/SandeepPa...
So our expert economist is saying he doesn& #39;t believe in biases and anecdotal evidence. He says that the Pradhan Mantri Jan Dhan Yojna grew from 1.18 lac crores to 1.28 lac crs, and therefore people were not "so desparate" or "so distressed". Else wouldn& #39;t they be emptying a/cs?
First of all, when anecdotal evidence is all around - from billionaires to the 325 million households who live just at or below the poverty limit - YOU SHOULD look at anecdotal evidence. Outside of Lutyens Delhi - there is economic pain everywhere. Everywhere.