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\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
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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        LATEST NEWS UPDATES | GDP numbers: EAC-PM rejects ex-CEA&#039;s claims, releases point-to-point rebuttal    </title>
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NEW DELHI: The Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday rejected the claims of former CEA Arvind Subramanian regarding over-estimation of GDP numbers and said that India's current methodology is at par with its..."/>
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NEW DELHI: The Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday rejected the claims of former CEA Arvind Subramanian regarding over-estimation of GDP numbers and said that India's current methodology is at par with its..." />
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    <h1 class="cat-box-title">GDP numbers: EAC-PM rejects ex-CEA&#039;s claims, releases point-to-point rebuttal</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday rejected the claims of former CEA Arvind Subramanian regarding over-estimation of GDP numbers and said that India's current methodology is at par with its global standing as a responsible, transparent and well-managed economy.<br /><br />The EAC-PM released a detailed note titled 'GDP estimation in India - Perspectives and Facts' and as it earlier stated, the note apparently gives a point-to-point rebuttal to a recently published paper titled &lsquo;India&rsquo;s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications&rsquo; by Subramanian. <br /><br />Subramanian, in a paper, stated that India's economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology for calculating GDP.<br /><br />Countering this, the note circulated by government think-tank Niti Aayog stated that &quot;it provides a clear rationale for India&rsquo;s switch to an improved GDP estimation methodology in January 2015. The new methodology that uses 2011-12 as the base year includes two major improvements, a) Incorporation of MCA21 database, and b) Incorporation of the Recommendations of System of National Accounts (SNA), 2008. This change was in line with other countries that have changed their methodologies in line with SNA 2008 and revised their respective GDP figures. On an average, real GDP estimates saw an increase of 0.7% among OECD countries.&quot; <br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/gdp-numbers-eac-pm-releases-point-by-point-rebuttal-of-former-ceas-claims/articleshow/69859095.cms?fbclid=IwAR0BQ_8ehI73A_h3hl6Lsldli1hlQcwhF0e0oSP6bRHktpoAzp1gbZZfRsk" title="https://timesofindia.indiatimes.com/business/india-business/gdp-numbers-eac-pm-releases-point-by-point-rebuttal-of-former-ceas-claims/articleshow/69859095.cms?fbclid=IwAR0BQ_8ehI73A_h3hl6Lsldli1hlQcwhF0e0oSP6bRHktpoAzp1gbZZfRsk">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">GDP numbers: EAC-PM rejects ex-CEA&#039;s claims, releases point-to-point rebuttal</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday rejected the claims of former CEA Arvind Subramanian regarding over-estimation of GDP numbers and said that India's current methodology is at par with its global standing as a responsible, transparent and well-managed economy.<br /><br />The EAC-PM released a detailed note titled 'GDP estimation in India - Perspectives and Facts' and as it earlier stated, the note apparently gives a point-to-point rebuttal to a recently published paper titled &lsquo;India&rsquo;s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications&rsquo; by Subramanian. <br /><br />Subramanian, in a paper, stated that India's economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology for calculating GDP.<br /><br />Countering this, the note circulated by government think-tank Niti Aayog stated that &quot;it provides a clear rationale for India&rsquo;s switch to an improved GDP estimation methodology in January 2015. The new methodology that uses 2011-12 as the base year includes two major improvements, a) Incorporation of MCA21 database, and b) Incorporation of the Recommendations of System of National Accounts (SNA), 2008. This change was in line with other countries that have changed their methodologies in line with SNA 2008 and revised their respective GDP figures. On an average, real GDP estimates saw an increase of 0.7% among OECD countries.&quot; <br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/gdp-numbers-eac-pm-releases-point-by-point-rebuttal-of-former-ceas-claims/articleshow/69859095.cms?fbclid=IwAR0BQ_8ehI73A_h3hl6Lsldli1hlQcwhF0e0oSP6bRHktpoAzp1gbZZfRsk" title="https://timesofindia.indiatimes.com/business/india-business/gdp-numbers-eac-pm-releases-point-by-point-rebuttal-of-former-ceas-claims/articleshow/69859095.cms?fbclid=IwAR0BQ_8ehI73A_h3hl6Lsldli1hlQcwhF0e0oSP6bRHktpoAzp1gbZZfRsk">click here</a> to read more. <br /></div>                                                           
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-The Times of India

NEW DELHI: The Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday rejected the claims of former CEA Arvind Subramanian regarding over-estimation of GDP numbers and said that India's current methodology is at par with its..." />
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    <h1 class="cat-box-title">GDP numbers: EAC-PM rejects ex-CEA&#039;s claims, releases point-to-point rebuttal</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday rejected the claims of former CEA Arvind Subramanian regarding over-estimation of GDP numbers and said that India's current methodology is at par with its global standing as a responsible, transparent and well-managed economy.<br /><br />The EAC-PM released a detailed note titled 'GDP estimation in India - Perspectives and Facts' and as it earlier stated, the note apparently gives a point-to-point rebuttal to a recently published paper titled &lsquo;India&rsquo;s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications&rsquo; by Subramanian. <br /><br />Subramanian, in a paper, stated that India's economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology for calculating GDP.<br /><br />Countering this, the note circulated by government think-tank Niti Aayog stated that &quot;it provides a clear rationale for India&rsquo;s switch to an improved GDP estimation methodology in January 2015. The new methodology that uses 2011-12 as the base year includes two major improvements, a) Incorporation of MCA21 database, and b) Incorporation of the Recommendations of System of National Accounts (SNA), 2008. This change was in line with other countries that have changed their methodologies in line with SNA 2008 and revised their respective GDP figures. On an average, real GDP estimates saw an increase of 0.7% among OECD countries.&quot; <br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/gdp-numbers-eac-pm-releases-point-by-point-rebuttal-of-former-ceas-claims/articleshow/69859095.cms?fbclid=IwAR0BQ_8ehI73A_h3hl6Lsldli1hlQcwhF0e0oSP6bRHktpoAzp1gbZZfRsk" title="https://timesofindia.indiatimes.com/business/india-business/gdp-numbers-eac-pm-releases-point-by-point-rebuttal-of-former-ceas-claims/articleshow/69859095.cms?fbclid=IwAR0BQ_8ehI73A_h3hl6Lsldli1hlQcwhF0e0oSP6bRHktpoAzp1gbZZfRsk">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://timesofindia.indiatimes.com/business/india-business/gdp-numbers-eac-pm-releases-point-by-point-rebuttal-of-former-ceas-claims/articleshow/69859095.cms?fbclid" class="re" target="_blank">The Times of India, 19 June, 2019, https://timesofindia.indiatimes.com/business/india-business/gdp-numbers-eac-pm-releases-point-by-point-rebuttal-of-former-ceas-claims/articleshow/69859095.cms?fbclid</a><div class="clear"></div>
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GDP numbers: EAC-PM rejects ex-CEA's claims, releases point-to-point rebuttal

Published on Jun 20, 2019   Modified on Jun 20, 2019

-The Times of India NEW DELHI: The Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday rejected the claims of former CEA Arvind Subramanian regarding over-estimation of GDP numbers and said that India's current methodology is at par with its global standing as a responsible, transparent and well-managed economy. The EAC-PM released a detailed note titled 'GDP estimation in India - Perspectives and Facts' and as it earlier stated, the note apparently gives a point-to-point rebuttal to a recently published paper titled ‘India’s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications’ by Subramanian. Subramanian, in a paper, stated that India's economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology for calculating GDP. Countering this, the note circulated by government think-tank Niti Aayog stated that "it provides a clear rationale for India’s switch to an improved GDP estimation methodology in January 2015. The new methodology that uses 2011-12 as the base year includes two major improvements, a) Incorporation of MCA21 database, and b) Incorporation of the Recommendations of System of National Accounts (SNA), 2008. This change was in line with other countries that have changed their methodologies in line with SNA 2008 and revised their respective GDP figures. On an average, real GDP estimates saw an increase of 0.7% among OECD countries." Please click here to read more.

The Times of India, 19 June, 2019, https://timesofindia.indiatimes.com/business/india-business/gdp-numbers-eac-pm-releases-point-by-point-rebuttal-of-former-ceas-claims/articleshow/69859095.cms?fbclid

Tagged with: GDP 2011-12 series GDP estimates GDP growth GDP growth rate Economic Growth

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