The Problem with GDP | How India's GDP works? | Dhruv Rathee

Latest GDP Growth Data reveals that India has seen the worst ever GDP Growth since independence in 1947. This is the new data for the FY 2020-21, I explain what all are the other predictions and findings of this. I also explain this hidden truth behind GDP. What does GDP as an indicator hide from us about country's ground reality? Is it a good indicator for measuring progress and economic development after all? Since it ignores inequality and happiness as measures of progress.

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0:00 Introduction
01:02 Latest GDP Data
03:00 Does GDP Reflect Reality?
05:22 P Chidambaram’s Stance
07:05 How GDP Ignores Efficiency
08:29 GDP vs Inequality
09:17 Bigger is Better
11:12 Some Alternate Approaches