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
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

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
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    <h1 class="cat-box-title">Former CEA Arvind Subramanian says GDP growth inflated, govt disagrees -Abhishek Waghmare &amp; Arup Roychoudhury</h1>
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                            <div align="justify">-Business Standard<br /><br /><em>This has reignited the debate on the accuracy of India's GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general<br /></em><br />In a research paper that analyses data on 17 different economic indicators in the real sector, former chief economic advisor of India Arvind Subramanian has said that India&rsquo;s real gross domestic product (GDP) growth &ldquo;was more likely to have been between 3.5-5.5 per cent&rdquo; in the 2011-2016 period, rather than 6.9 per cent as estimated by the National Statistical Office (NSO). He said that the new GDP series overestimated real GDP growth by 2.5 percentage points.<br /><br />This has reignited the debate on the accuracy of India&rsquo;s GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general.<br /><br />But the government stood by its own numbers, and clarified that the estimation adheres to global norms and is an output of a complex exercise.<br /><br />&ldquo;It is important to note that a comparison of the old and new series are not amenable to simplistic macro-econometric modelling,&rdquo; the statistics ministry said in a press release.<br /><br />The new series of national accounts with base year 2011-12 was formulated in 2015, and is currently used to compute quarterly and annual GDP, and its methodology has been under scrutiny from economists and statisticians since then. <br /><br />Please <a href="https://www.business-standard.com/article/economy-policy/former-cea-arvind-subramanian-says-gdp-growth-inflated-govt-disagrees-119061101395_1.html" title="https://www.business-standard.com/article/economy-policy/former-cea-arvind-subramanian-says-gdp-growth-inflated-govt-disagrees-119061101395_1.html">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-Business Standard<br /><br /><em>This has reignited the debate on the accuracy of India's GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general<br /></em><br />In a research paper that analyses data on 17 different economic indicators in the real sector, former chief economic advisor of India Arvind Subramanian has said that India&rsquo;s real gross domestic product (GDP) growth &ldquo;was more likely to have been between 3.5-5.5 per cent&rdquo; in the 2011-2016 period, rather than 6.9 per cent as estimated by the National Statistical Office (NSO). He said that the new GDP series overestimated real GDP growth by 2.5 percentage points.<br /><br />This has reignited the debate on the accuracy of India&rsquo;s GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general.<br /><br />But the government stood by its own numbers, and clarified that the estimation adheres to global norms and is an output of a complex exercise.<br /><br />&ldquo;It is important to note that a comparison of the old and new series are not amenable to simplistic macro-econometric modelling,&rdquo; the statistics ministry said in a press release.<br /><br />The new series of national accounts with base year 2011-12 was formulated in 2015, and is currently used to compute quarterly and annual GDP, and its methodology has been under scrutiny from economists and statisticians since then. <br /><br />Please <a href="https://www.business-standard.com/article/economy-policy/former-cea-arvind-subramanian-says-gdp-growth-inflated-govt-disagrees-119061101395_1.html" title="https://www.business-standard.com/article/economy-policy/former-cea-arvind-subramanian-says-gdp-growth-inflated-govt-disagrees-119061101395_1.html">click here</a> to read more. <br /></div>                                                           
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This has reignited the debate on the accuracy of India's GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general

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    <h1 class="cat-box-title">Former CEA Arvind Subramanian says GDP growth inflated, govt disagrees -Abhishek Waghmare &amp; Arup Roychoudhury</h1>
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                            <div align="justify">-Business Standard<br /><br /><em>This has reignited the debate on the accuracy of India's GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general<br /></em><br />In a research paper that analyses data on 17 different economic indicators in the real sector, former chief economic advisor of India Arvind Subramanian has said that India&rsquo;s real gross domestic product (GDP) growth &ldquo;was more likely to have been between 3.5-5.5 per cent&rdquo; in the 2011-2016 period, rather than 6.9 per cent as estimated by the National Statistical Office (NSO). He said that the new GDP series overestimated real GDP growth by 2.5 percentage points.<br /><br />This has reignited the debate on the accuracy of India&rsquo;s GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general.<br /><br />But the government stood by its own numbers, and clarified that the estimation adheres to global norms and is an output of a complex exercise.<br /><br />&ldquo;It is important to note that a comparison of the old and new series are not amenable to simplistic macro-econometric modelling,&rdquo; the statistics ministry said in a press release.<br /><br />The new series of national accounts with base year 2011-12 was formulated in 2015, and is currently used to compute quarterly and annual GDP, and its methodology has been under scrutiny from economists and statisticians since then. <br /><br />Please <a href="https://www.business-standard.com/article/economy-policy/former-cea-arvind-subramanian-says-gdp-growth-inflated-govt-disagrees-119061101395_1.html" title="https://www.business-standard.com/article/economy-policy/former-cea-arvind-subramanian-says-gdp-growth-inflated-govt-disagrees-119061101395_1.html">click here</a> to read more. <br /></div>                                                           
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Former CEA Arvind Subramanian says GDP growth inflated, govt disagrees -Abhishek Waghmare & Arup Roychoudhury

Published on Jun 13, 2019   Modified on Jun 13, 2019

-Business Standard This has reignited the debate on the accuracy of India's GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general In a research paper that analyses data on 17 different economic indicators in the real sector, former chief economic advisor of India Arvind Subramanian has said that India’s real gross domestic product (GDP) growth “was more likely to have been between 3.5-5.5 per cent” in the 2011-2016 period, rather than 6.9 per cent as estimated by the National Statistical Office (NSO). He said that the new GDP series overestimated real GDP growth by 2.5 percentage points. This has reignited the debate on the accuracy of India’s GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general. But the government stood by its own numbers, and clarified that the estimation adheres to global norms and is an output of a complex exercise. “It is important to note that a comparison of the old and new series are not amenable to simplistic macro-econometric modelling,” the statistics ministry said in a press release. The new series of national accounts with base year 2011-12 was formulated in 2015, and is currently used to compute quarterly and annual GDP, and its methodology has been under scrutiny from economists and statisticians since then. Please click here to read more.

Business Standard, 12 June, 2019, https://www.business-standard.com/article/economy-policy/former-cea-arvind-subramanian-says-gdp-growth-inflated-govt-disagrees-119061101395_1.html

Tagged with: Manufacturing Sector Manufacturing Sector growth GDP 2011-12 series GDP estimates GDP growth

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