-Livemint.com * GDP estimates are based on accepted methodologies, says government * Subramanian made the claims in his latest working paper published on the Harvard University website New Delhi: India’s statistics ministry likely underestimated the impact of demonetization and the rollout of the goods and services tax (GST) on economic activity, leading to an overestimation of gross domestic product (GDP) figures, the finance ministry’s former chief economic adviser, Arvind Subramanian, has said. On 31...

-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...

-The Financial Express After former Chief Economic Advisor Arvind Subramanian’s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. After former Chief Economic Advisor Arvind Subramanian’s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to...

-The Times of India India's gross domestic product growth rate has been overstated by about 2.5 percentage points per year post 2011, former chief economic adviser Arvind Subramanian has said in a research paper, prompting economists to doubt the size of the claimed overestimation, and the government to defend the data . Subramanian also called for revisiting the entire methodology and implementation for GDP estimation by an independent task force, comprising national...

-The Indian Express While official estimates have pegged average annual growth at around 7 per cent during this period, actual GDP growth is likely to have been lower, at around 4.5 per cent, says Subramanian New Delhi: In the midst of a raging controversy over India’s economic growth under the new GDP series, former Chief Economic Adviser Arvind Subramanian has concluded that the country’s growth has been overestimated by around 2.5...