Sharma said as per its own admission, the CSO has stated that it has not been able to collate the data of impact of demonetisation, including the losses in jobs and production especially in the Micro, Small and Medium Enterprises (MSME) sector.
“Therefore, the GDP numbers, ignoring the harsh ground realities and based on increase in revenue from indirect taxes, are artificial and highly misleading,” he said.
He said institutions monitoring the Indian exconomy and analyists have pegged the loss to the economy at Rs 2.50 lakh crore post demonetisation.
