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

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | India may have to revise downwards &#039;potential&#039; growth rate from 7-8%: ex-CEA -TCA Sharad Raghavan    </title>
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-The Hindu

&lsquo;Today&rsquo;s 4.5% is impressive as size of the economy now is five times of 1980 levels&rsquo;

New Delhi: India may have to revise downwards what is considered its &ldquo;potential&rdquo; rate of growth from 7-8% to bring expectations more in line..."/>
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-The Hindu

&lsquo;Today&rsquo;s 4.5% is impressive as size of the economy now is five times of 1980 levels&rsquo;

New Delhi: India may have to revise downwards what is considered its &ldquo;potential&rdquo; rate of growth from 7-8% to bring expectations more in line..." />
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    <h1 class="cat-box-title">India may have to revise downwards &#039;potential&#039; growth rate from 7-8%: ex-CEA -TCA Sharad Raghavan</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>&lsquo;Today&rsquo;s 4.5% is impressive as size of the economy now is five times of 1980 levels&rsquo;<br /><br />New Delhi: </em>India may have to revise downwards what is considered its &ldquo;potential&rdquo; rate of growth from 7-8% to bring expectations more in line with reality, former Chief Economic Adviser (CEA) Arvind Subramanian has argued in a paper.<br /><br />This paper comes as a follow-up to the one Mr. Subramanian published last month, in which he had argued that India&rsquo;s GDP growth in the 2011-17 period had been overestimated by 2.5 percentage points and that the actual growth rate was about 4.5%.<br /><br />The original paper drew a lot of criticism over its methodology and assertions. The follow-up paper, the key highlights of which Mr. Subramanian had presented in a lecture earlier this month, is an attempt to address those criticisms. While the paper goes into some detail in addressing the statistical issues raised about the original, it also highlights certain cognitive arguments made against it and tries to show why those are unfounded. The first question raised, Mr. Subramanian said, was how India can, right now, grow at the same rate as it did in the pre-1980 Hindu rate of growth period, when the economic condition was clearly much worse.<br /><br />&ldquo;To begin with, today&rsquo;s 4.5% translates into a per capita growth rate of about 3%,&rdquo; he said. &ldquo;In the pre-1980s era, the GDP growth rate was about 3-3.5% and the population growth rate was 2%, yielding a per capita growth rate of 1-1.5%. So, today&rsquo;s 4.5% represents more than a doubling of the old &ldquo;Hindu&rdquo; per capita growth rate.&rdquo;<br /><br />Further, he said, the 4.5% growth rate was all the more impressive because the size of the economy now is five times of what it was in the 1980s. &ldquo;Most impressively, a 4.5% growth rate is a notable achievement in the current, post-Global Financial Crisis world,&rdquo; he added. <br /><br />Please <a href="https://www.thehindu.com/business/Economy/india-may-have-to-revise-downwards-potential-growth-rate-from-7-8-ex-cea/article28565137.ece?homepage=true" title="https://www.thehindu.com/business/Economy/india-may-have-to-revise-downwards-potential-growth-rate-from-7-8-ex-cea/article28565137.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/india-may-have-to-revise-downwards-potential-growth-rate-from-7-8-ex-cea/article28565137.ece?homepage=true" class="re" target="_blank">The Hindu, 18 July, 2019, https://www.thehindu.com/business/Economy/india-may-have-to-revise-downwards-potential-growth-rate-from-7-8-ex-cea/article28565137.ece?homepage=true</a><div class="clear"></div>
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    <h1 class="cat-box-title">India may have to revise downwards &#039;potential&#039; growth rate from 7-8%: ex-CEA -TCA Sharad Raghavan</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>&lsquo;Today&rsquo;s 4.5% is impressive as size of the economy now is five times of 1980 levels&rsquo;<br /><br />New Delhi: </em>India may have to revise downwards what is considered its &ldquo;potential&rdquo; rate of growth from 7-8% to bring expectations more in line with reality, former Chief Economic Adviser (CEA) Arvind Subramanian has argued in a paper.<br /><br />This paper comes as a follow-up to the one Mr. Subramanian published last month, in which he had argued that India&rsquo;s GDP growth in the 2011-17 period had been overestimated by 2.5 percentage points and that the actual growth rate was about 4.5%.<br /><br />The original paper drew a lot of criticism over its methodology and assertions. The follow-up paper, the key highlights of which Mr. Subramanian had presented in a lecture earlier this month, is an attempt to address those criticisms. While the paper goes into some detail in addressing the statistical issues raised about the original, it also highlights certain cognitive arguments made against it and tries to show why those are unfounded. The first question raised, Mr. Subramanian said, was how India can, right now, grow at the same rate as it did in the pre-1980 Hindu rate of growth period, when the economic condition was clearly much worse.<br /><br />&ldquo;To begin with, today&rsquo;s 4.5% translates into a per capita growth rate of about 3%,&rdquo; he said. &ldquo;In the pre-1980s era, the GDP growth rate was about 3-3.5% and the population growth rate was 2%, yielding a per capita growth rate of 1-1.5%. So, today&rsquo;s 4.5% represents more than a doubling of the old &ldquo;Hindu&rdquo; per capita growth rate.&rdquo;<br /><br />Further, he said, the 4.5% growth rate was all the more impressive because the size of the economy now is five times of what it was in the 1980s. &ldquo;Most impressively, a 4.5% growth rate is a notable achievement in the current, post-Global Financial Crisis world,&rdquo; he added. <br /><br />Please <a href="https://www.thehindu.com/business/Economy/india-may-have-to-revise-downwards-potential-growth-rate-from-7-8-ex-cea/article28565137.ece?homepage=true" title="https://www.thehindu.com/business/Economy/india-may-have-to-revise-downwards-potential-growth-rate-from-7-8-ex-cea/article28565137.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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        LATEST NEWS UPDATES | India may have to revise downwards &#039;potential&#039; growth rate from 7-8%: ex-CEA -TCA Sharad Raghavan    </title>
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&lsquo;Today&rsquo;s 4.5% is impressive as size of the economy now is five times of 1980 levels&rsquo;

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-The Hindu

&lsquo;Today&rsquo;s 4.5% is impressive as size of the economy now is five times of 1980 levels&rsquo;

New Delhi: India may have to revise downwards what is considered its &ldquo;potential&rdquo; rate of growth from 7-8% to bring expectations more in line..." />
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    <h1 class="cat-box-title">India may have to revise downwards &#039;potential&#039; growth rate from 7-8%: ex-CEA -TCA Sharad Raghavan</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>&lsquo;Today&rsquo;s 4.5% is impressive as size of the economy now is five times of 1980 levels&rsquo;<br /><br />New Delhi: </em>India may have to revise downwards what is considered its &ldquo;potential&rdquo; rate of growth from 7-8% to bring expectations more in line with reality, former Chief Economic Adviser (CEA) Arvind Subramanian has argued in a paper.<br /><br />This paper comes as a follow-up to the one Mr. Subramanian published last month, in which he had argued that India&rsquo;s GDP growth in the 2011-17 period had been overestimated by 2.5 percentage points and that the actual growth rate was about 4.5%.<br /><br />The original paper drew a lot of criticism over its methodology and assertions. The follow-up paper, the key highlights of which Mr. Subramanian had presented in a lecture earlier this month, is an attempt to address those criticisms. While the paper goes into some detail in addressing the statistical issues raised about the original, it also highlights certain cognitive arguments made against it and tries to show why those are unfounded. The first question raised, Mr. Subramanian said, was how India can, right now, grow at the same rate as it did in the pre-1980 Hindu rate of growth period, when the economic condition was clearly much worse.<br /><br />&ldquo;To begin with, today&rsquo;s 4.5% translates into a per capita growth rate of about 3%,&rdquo; he said. &ldquo;In the pre-1980s era, the GDP growth rate was about 3-3.5% and the population growth rate was 2%, yielding a per capita growth rate of 1-1.5%. So, today&rsquo;s 4.5% represents more than a doubling of the old &ldquo;Hindu&rdquo; per capita growth rate.&rdquo;<br /><br />Further, he said, the 4.5% growth rate was all the more impressive because the size of the economy now is five times of what it was in the 1980s. &ldquo;Most impressively, a 4.5% growth rate is a notable achievement in the current, post-Global Financial Crisis world,&rdquo; he added. <br /><br />Please <a href="https://www.thehindu.com/business/Economy/india-may-have-to-revise-downwards-potential-growth-rate-from-7-8-ex-cea/article28565137.ece?homepage=true" title="https://www.thehindu.com/business/Economy/india-may-have-to-revise-downwards-potential-growth-rate-from-7-8-ex-cea/article28565137.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

India may have to revise downwards 'potential' growth rate from 7-8%: ex-CEA -TCA Sharad Raghavan

Published on Jul 19, 2019   Modified on Jul 19, 2019

-The Hindu ‘Today’s 4.5% is impressive as size of the economy now is five times of 1980 levels’ New Delhi: India may have to revise downwards what is considered its “potential” rate of growth from 7-8% to bring expectations more in line with reality, former Chief Economic Adviser (CEA) Arvind Subramanian has argued in a paper. This paper comes as a follow-up to the one Mr. Subramanian published last month, in which he had argued that India’s GDP growth in the 2011-17 period had been overestimated by 2.5 percentage points and that the actual growth rate was about 4.5%. The original paper drew a lot of criticism over its methodology and assertions. The follow-up paper, the key highlights of which Mr. Subramanian had presented in a lecture earlier this month, is an attempt to address those criticisms. While the paper goes into some detail in addressing the statistical issues raised about the original, it also highlights certain cognitive arguments made against it and tries to show why those are unfounded. The first question raised, Mr. Subramanian said, was how India can, right now, grow at the same rate as it did in the pre-1980 Hindu rate of growth period, when the economic condition was clearly much worse. “To begin with, today’s 4.5% translates into a per capita growth rate of about 3%,” he said. “In the pre-1980s era, the GDP growth rate was about 3-3.5% and the population growth rate was 2%, yielding a per capita growth rate of 1-1.5%. So, today’s 4.5% represents more than a doubling of the old “Hindu” per capita growth rate.” Further, he said, the 4.5% growth rate was all the more impressive because the size of the economy now is five times of what it was in the 1980s. “Most impressively, a 4.5% growth rate is a notable achievement in the current, post-Global Financial Crisis world,” he added. Please click here to read more.

The Hindu, 18 July, 2019, https://www.thehindu.com/business/Economy/india-may-have-to-revise-downwards-potential-growth-rate-from-7-8-ex-cea/article28565137.ece?homepage=true

Tagged with: Arvind Subramanian Economic Growth GDP estimates GDP growth

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