GDP not Bible or Mahabharat, won't be important in future: BJP MP

The 'new theory' is whether sustainable economic welfare reaches the last man in the queue, said BJP MP Nishikant Dubey

After the Congress targeted the ruling Bharatiya Janata Party in Parliament over sliding GDP (gross domestic product), a BJP leader said GDP would cease to be relevant in the future. What would be important is whether people are happy, the BJP’s Nishikant Dubey (pictured) said in the Lok Sabha on Monday. “GDP came in 1934; there was no GDP before that. (Nobel-winning economist Simon) Kuznets said it was not the ultimate truth to believe GDP as the Bible, Ramayan, or Mahabharat,” he explained. The “new theory” is whether sustainable economic welfare reaches the last man in the queue, he added.

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