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The case for doubting India's GDP numbers -V Anantha Nageswaran

-Livemint.com Arvind Subramanian’s conclusions about GDP Growth figures are in the right direction. There’s no point being in denial Arvind Subramanian was the chief economic advisor (CEA) to the Government of India from October 2014 to June 2018. Among other things, he became well known and was praised deservingly for his Economic Surveys. He made that document interesting, useful and accessible. He also took it to the country by hosting online lectures...

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Is India overestimating its economic growth? -TCA Sharad Raghavan

-The Hindu The new GDP series has some methodological and sampling problems Former Chief Economic Adviser Arvind Subramanian recently claimed in a paper that India’s GDP Growth from 2011-12 to 2016-17 was likely to have been overestimated. The Prime Minister’s Economic Advisory Council has rejected this claim, stating that his paper would “not stand the scrutiny of academic or policy research standards”. In a conversation moderated by T.C.A. Sharad Raghavan, Pronab Sen...

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PM's panel rejects former CEA's paper on GDP Growth

-The Hindu ‘Lacks vigour, won’t stand up to scrutiny’ The Prime Minister’s Economic Advisory Council (PMEAC) has released a detailed note enumerating its objections to former Chief Economic Adviser Arvind Subramanian’s paper on India’s GDP Growth. The note said that Mr. Subramanian’s paper “lacks rigour” and would not stand up to academic scrutiny. Lower GDP The paper, released in Harvard University, postulated that the GDP Growth between 2011-17 was significantly lower than the 7%...

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GDP numbers: EAC-PM rejects ex-CEA's claims, releases point-to-point rebuttal

-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...

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Five policy reforms to jump-start growth -Niranjan Rajadhyaksha

-Livemint.com How India can put in place policy reforms to raise GDP Growth without creating macroeconomic instability Mumbai: The second Narendra Modi government has begun its innings in the midst of a sharp economic slowdown. Economic expansion in the fourth quarter of the previous financial year was at the lowest level in five years—and 2.2 percentage points lower than growth in the first quarter of that year. The recent loss in economic...

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