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
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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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);

            } else {
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        LATEST NEWS UPDATES | Reality check: Indian economy is not larger than that of the UK -TCA Sharad Raghavan    </title>
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The claim made by a magazine and carried by sections of media is not backed by data.

The claim that the Indian economy has overtaken the U.K. economy in terms of absolute size, as made by a contributor to Forbes..."/>
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    <h1 class="cat-box-title">Reality check: Indian economy is not larger than that of the UK -TCA Sharad Raghavan</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>The claim made by a magazine and carried by sections of media is not backed by data.<br /></em><br />The claim that the Indian economy has overtaken the U.K. economy in terms of absolute size, as made by a contributor to Forbes magazine and carried by sections of the Indian media, is not backed by data, an analysis by The Hindu of GDP data from the International Monetary Fund (IMF) and the Government of India, and currency data from the central banks of the two countries shows.<br /><br /><em>GDP figures<br /></em><br />The Forbes report, authored by a former McKinsey consultant and current student at Tsinghua University, says that the U.K.&rsquo;s GDP in 2016 was &pound;1.87 trillion which, given the 20 per cent decline in the value of the pound over the course of 2016, translated to $2.29 trillion. The report cites India&rsquo;s 2016 GDP as being Rs. 153 trillion, which converts to $2.30 trillion at an exchange rate of Rs. 66.6 a dollar.<br /><br />While the GDP figure cited for the U.K. is corroborated by data from the IMF and the currency rate of 0.81 pounds to the dollar used in the calculations is backed by data from the Bank of England, the data for India does not match up.<br /><br />&ldquo;There were basically two considerations, the nominal value of GDP of both countries and the currency exchange rates,&rdquo; D.K. Srivastava, chief policy advisor, EY India, told The Hindu. &ldquo;Our estimates show that the GDP for 2016 would be at Rs. 149 trillion rupees. We are looking at the provisional actuals of last year and applying our estimate of the growth rate.&rdquo;<br /><br />Please <a href="http://www.thehindu.com/business/Economy/Reality-check-Indian-economy-is-not-larger-than-that-of-the-UK/article16925514.ece" title="http://www.thehindu.com/business/Economy/Reality-check-Indian-economy-is-not-larger-than-that-of-the-UK/article16925514.ece">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">Reality check: Indian economy is not larger than that of the UK -TCA Sharad Raghavan</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>The claim made by a magazine and carried by sections of media is not backed by data.<br /></em><br />The claim that the Indian economy has overtaken the U.K. economy in terms of absolute size, as made by a contributor to Forbes magazine and carried by sections of the Indian media, is not backed by data, an analysis by The Hindu of GDP data from the International Monetary Fund (IMF) and the Government of India, and currency data from the central banks of the two countries shows.<br /><br /><em>GDP figures<br /></em><br />The Forbes report, authored by a former McKinsey consultant and current student at Tsinghua University, says that the U.K.&rsquo;s GDP in 2016 was &pound;1.87 trillion which, given the 20 per cent decline in the value of the pound over the course of 2016, translated to $2.29 trillion. The report cites India&rsquo;s 2016 GDP as being Rs. 153 trillion, which converts to $2.30 trillion at an exchange rate of Rs. 66.6 a dollar.<br /><br />While the GDP figure cited for the U.K. is corroborated by data from the IMF and the currency rate of 0.81 pounds to the dollar used in the calculations is backed by data from the Bank of England, the data for India does not match up.<br /><br />&ldquo;There were basically two considerations, the nominal value of GDP of both countries and the currency exchange rates,&rdquo; D.K. Srivastava, chief policy advisor, EY India, told The Hindu. &ldquo;Our estimates show that the GDP for 2016 would be at Rs. 149 trillion rupees. We are looking at the provisional actuals of last year and applying our estimate of the growth rate.&rdquo;<br /><br />Please <a href="http://www.thehindu.com/business/Economy/Reality-check-Indian-economy-is-not-larger-than-that-of-the-UK/article16925514.ece" title="http://www.thehindu.com/business/Economy/Reality-check-Indian-economy-is-not-larger-than-that-of-the-UK/article16925514.ece">click here</a> to read more. <br /></div>                                                           
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        LATEST NEWS UPDATES | Reality check: Indian economy is not larger than that of the UK -TCA Sharad Raghavan    </title>
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-The Hindu

The claim made by a magazine and carried by sections of media is not backed by data.

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    <h1 class="cat-box-title">Reality check: Indian economy is not larger than that of the UK -TCA Sharad Raghavan</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>The claim made by a magazine and carried by sections of media is not backed by data.<br /></em><br />The claim that the Indian economy has overtaken the U.K. economy in terms of absolute size, as made by a contributor to Forbes magazine and carried by sections of the Indian media, is not backed by data, an analysis by The Hindu of GDP data from the International Monetary Fund (IMF) and the Government of India, and currency data from the central banks of the two countries shows.<br /><br /><em>GDP figures<br /></em><br />The Forbes report, authored by a former McKinsey consultant and current student at Tsinghua University, says that the U.K.&rsquo;s GDP in 2016 was &pound;1.87 trillion which, given the 20 per cent decline in the value of the pound over the course of 2016, translated to $2.29 trillion. The report cites India&rsquo;s 2016 GDP as being Rs. 153 trillion, which converts to $2.30 trillion at an exchange rate of Rs. 66.6 a dollar.<br /><br />While the GDP figure cited for the U.K. is corroborated by data from the IMF and the currency rate of 0.81 pounds to the dollar used in the calculations is backed by data from the Bank of England, the data for India does not match up.<br /><br />&ldquo;There were basically two considerations, the nominal value of GDP of both countries and the currency exchange rates,&rdquo; D.K. Srivastava, chief policy advisor, EY India, told The Hindu. &ldquo;Our estimates show that the GDP for 2016 would be at Rs. 149 trillion rupees. We are looking at the provisional actuals of last year and applying our estimate of the growth rate.&rdquo;<br /><br />Please <a href="http://www.thehindu.com/business/Economy/Reality-check-Indian-economy-is-not-larger-than-that-of-the-UK/article16925514.ece" title="http://www.thehindu.com/business/Economy/Reality-check-Indian-economy-is-not-larger-than-that-of-the-UK/article16925514.ece">click here</a> to read more. <br /></div>                                                           
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Reality check: Indian economy is not larger than that of the UK -TCA Sharad Raghavan

Published on Dec 23, 2016   Modified on Dec 23, 2016

-The Hindu The claim made by a magazine and carried by sections of media is not backed by data. The claim that the Indian economy has overtaken the U.K. economy in terms of absolute size, as made by a contributor to Forbes magazine and carried by sections of the Indian media, is not backed by data, an analysis by The Hindu of GDP data from the International Monetary Fund (IMF) and the Government of India, and currency data from the central banks of the two countries shows. GDP figures The Forbes report, authored by a former McKinsey consultant and current student at Tsinghua University, says that the U.K.’s GDP in 2016 was £1.87 trillion which, given the 20 per cent decline in the value of the pound over the course of 2016, translated to $2.29 trillion. The report cites India’s 2016 GDP as being Rs. 153 trillion, which converts to $2.30 trillion at an exchange rate of Rs. 66.6 a dollar. While the GDP figure cited for the U.K. is corroborated by data from the IMF and the currency rate of 0.81 pounds to the dollar used in the calculations is backed by data from the Bank of England, the data for India does not match up. “There were basically two considerations, the nominal value of GDP of both countries and the currency exchange rates,” D.K. Srivastava, chief policy advisor, EY India, told The Hindu. “Our estimates show that the GDP for 2016 would be at Rs. 149 trillion rupees. We are looking at the provisional actuals of last year and applying our estimate of the growth rate.” Please click here to read more.

The Hindu, 22 December, 2016, http://www.thehindu.com/business/Economy/Reality-check-Indian-economy-is-not-larger-than-that-of-the-UK/article16925514.ece

Tagged with: GDP growth Economic Development Economic Growth

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