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SK Ghosh breaks some myths, explains truth about the state of the economy
SK Ghosh says: “We found out that 65% of the overall consumption in private final consumption expenditure has possibly declined to close to 60% for 10% of the population. That is basically around 8.2 trillion. So what I am trying to say is that 8.2 trillion consumption expenditure may have possibly shifted from the top of the pyramid to the bottom of the pyramid.”