Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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    <h1 class="cat-box-title">Arvind Subramanian&#039;s calculation of GDP is flawed too, says economist Arun Kumar</h1>
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                            <div align="justify">-Down to Earth<br /><br /><em>He says neither the government not the former chief economic advisor include the unorganised sector while computing economic growth<br /></em><br />Noted economist Arun Kumar said former chief economic advisor Arvind Subramanian is correct in saying that the rate of growth of Gross Domestic Product (GDP) has been overestimated in the last few years. Subramanian's methodology to gauge economic growth, however, may also not be correct &mdash; both being indirect methods to deteremine GDP, Kumar said on June 12, 2019. <br /><br />Subramanian, on June 11, wrote that the Indian economy might have grown at 4.5 per cent annually during 2011-12 to 2016-17 instead of the reported 7 per cent.<br /><br />Kumar pointed out that the unorganised sector and its slowdown has not been taken into account by Subramanian&rsquo;s paper or even into the government&rsquo;s own calculations. India&rsquo;s GDP growth rate could be only around 1 per cent if that is accounted for, he added.<br /><br />&ldquo;When we estimate the GDP we look at various sectors in the economy and we count the different sectors and sub-sectors on how much they contribute to the GDP. We then add it up, which requires a lot of data and methodology,&rdquo; said the former Jawaharlal Nehru University professor. &ldquo;But what Subramanian has done is use a simplified method than collecting data sector-wise. So the question is how correct is this 4.5 per cent figure.&rdquo;<br /><br />Please <a href="https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6ubOMI_ed3mDFhLrk5_DXd9MFEhlB6c" title="https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6ubOMI_ed3mDFhLrk5_DXd9MFEhlB6c">click here</a> to read more. <br /><br /><br /></div>                                                           
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    <br><a href="https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6u" class="re" target="_blank">Down to Earth, 13 June, 2019, https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6u</a><div class="clear"></div>
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    <h1 class="cat-box-title">Arvind Subramanian&#039;s calculation of GDP is flawed too, says economist Arun Kumar</h1>
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                            <div align="justify">-Down to Earth<br /><br /><em>He says neither the government not the former chief economic advisor include the unorganised sector while computing economic growth<br /></em><br />Noted economist Arun Kumar said former chief economic advisor Arvind Subramanian is correct in saying that the rate of growth of Gross Domestic Product (GDP) has been overestimated in the last few years. Subramanian's methodology to gauge economic growth, however, may also not be correct &mdash; both being indirect methods to deteremine GDP, Kumar said on June 12, 2019. <br /><br />Subramanian, on June 11, wrote that the Indian economy might have grown at 4.5 per cent annually during 2011-12 to 2016-17 instead of the reported 7 per cent.<br /><br />Kumar pointed out that the unorganised sector and its slowdown has not been taken into account by Subramanian&rsquo;s paper or even into the government&rsquo;s own calculations. India&rsquo;s GDP growth rate could be only around 1 per cent if that is accounted for, he added.<br /><br />&ldquo;When we estimate the GDP we look at various sectors in the economy and we count the different sectors and sub-sectors on how much they contribute to the GDP. We then add it up, which requires a lot of data and methodology,&rdquo; said the former Jawaharlal Nehru University professor. &ldquo;But what Subramanian has done is use a simplified method than collecting data sector-wise. So the question is how correct is this 4.5 per cent figure.&rdquo;<br /><br />Please <a href="https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6ubOMI_ed3mDFhLrk5_DXd9MFEhlB6c" title="https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6ubOMI_ed3mDFhLrk5_DXd9MFEhlB6c">click here</a> to read more. <br /><br /><br /></div>                                                           
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    <br><a href="https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6u" class="re" target="_blank">Down to Earth, 13 June, 2019, https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6u</a><div class="clear"></div>
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    <h1 class="cat-box-title">Arvind Subramanian&#039;s calculation of GDP is flawed too, says economist Arun Kumar</h1>
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                            <div align="justify">-Down to Earth<br /><br /><em>He says neither the government not the former chief economic advisor include the unorganised sector while computing economic growth<br /></em><br />Noted economist Arun Kumar said former chief economic advisor Arvind Subramanian is correct in saying that the rate of growth of Gross Domestic Product (GDP) has been overestimated in the last few years. Subramanian's methodology to gauge economic growth, however, may also not be correct &mdash; both being indirect methods to deteremine GDP, Kumar said on June 12, 2019. <br /><br />Subramanian, on June 11, wrote that the Indian economy might have grown at 4.5 per cent annually during 2011-12 to 2016-17 instead of the reported 7 per cent.<br /><br />Kumar pointed out that the unorganised sector and its slowdown has not been taken into account by Subramanian&rsquo;s paper or even into the government&rsquo;s own calculations. India&rsquo;s GDP growth rate could be only around 1 per cent if that is accounted for, he added.<br /><br />&ldquo;When we estimate the GDP we look at various sectors in the economy and we count the different sectors and sub-sectors on how much they contribute to the GDP. We then add it up, which requires a lot of data and methodology,&rdquo; said the former Jawaharlal Nehru University professor. &ldquo;But what Subramanian has done is use a simplified method than collecting data sector-wise. So the question is how correct is this 4.5 per cent figure.&rdquo;<br /><br />Please <a href="https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6ubOMI_ed3mDFhLrk5_DXd9MFEhlB6c" title="https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6ubOMI_ed3mDFhLrk5_DXd9MFEhlB6c">click here</a> to read more. <br /><br /><br /></div>                                                           
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    <br><a href="https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6u" class="re" target="_blank">Down to Earth, 13 June, 2019, https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6u</a><div class="clear"></div>
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Arvind Subramanian's calculation of GDP is flawed too, says economist Arun Kumar

Published on Jun 16, 2019   Modified on Jun 16, 2019

-Down to Earth He says neither the government not the former chief economic advisor include the unorganised sector while computing economic growth Noted economist Arun Kumar said former chief economic advisor Arvind Subramanian is correct in saying that the rate of growth of Gross Domestic Product (GDP) has been overestimated in the last few years. Subramanian's methodology to gauge economic growth, however, may also not be correct — both being indirect methods to deteremine GDP, Kumar said on June 12, 2019. Subramanian, on June 11, wrote that the Indian economy might have grown at 4.5 per cent annually during 2011-12 to 2016-17 instead of the reported 7 per cent. Kumar pointed out that the unorganised sector and its slowdown has not been taken into account by Subramanian’s paper or even into the government’s own calculations. India’s GDP growth rate could be only around 1 per cent if that is accounted for, he added. “When we estimate the GDP we look at various sectors in the economy and we count the different sectors and sub-sectors on how much they contribute to the GDP. We then add it up, which requires a lot of data and methodology,” said the former Jawaharlal Nehru University professor. “But what Subramanian has done is use a simplified method than collecting data sector-wise. So the question is how correct is this 4.5 per cent figure.” Please click here to read more.

Down to Earth, 13 June, 2019, https://www.downtoearth.org.in/video/economy/arvind-subramanian-s-calculation-of-gdp-is-flawed-too-says-economist-arun-kumar-65075?fbclid=IwAR2MJADjdH6N5y-1pZCWF0zMD2vp6u

Tagged with: GDP estimates GDP growth GDP growth rate Gross Domestic Product

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