Column The $1.25 question

Bibek Debroy
Posted: Saturday, Sep 06, 2008 at 0120 hrs IST
Updated: Saturday, Sep 06, 2008 at 0120 hrs IST

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: expenditure? They don’t, even for non-elitist items like TV and bicycle ownership, LPG-usage and pre-paid mobile connections. Household expenditure surveys under-estimate consumption expenditure and fall short of consumer expenditure thrown up by national accounts. Unless that problem is resolved, numbers hide more than they reveal.

The author is a noted economist...

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