NSSO has found that 35% of the companies in the MCA-21 data base are bogus companies. NSSO has found that 35% of the companies in the MCA-21 data base are bogus companies. They either do not exist or have disappeared and the government has been relying on such bogus data to put out bogus growth figures. The world was fragile, the world economy was fragile after 2008 and even the US economy was a fragile economy. The point is that after 2008, the world economy went into a spin.

Source: Economic Times May 08, 2019 14:40 UTC