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Indian government says will examine ex-advisor’s finding of overstated GDP growth

Arvind Subramanian, chief economic adviser at India’s Finance Ministry, gestures as he speaks during a session themed Asian… ANINDITO MUKHERJEE December 15, 2016 12:16pm IST

NEW DELHI – India’s top ranking economic advisory council will examine former chief economic adviser Arvind Subramanian’s research findings that the country’s economic growth has been overstated, the government said in a statement on Wednesday.

India will issue ‘point-to-point’ rebuttal on the issue in due course, the government said.

In a column published in a newspaper earlier this week, Subramanian said his research indicated that the change in the methodology led to GDP growth being overstated by about 2.5 percentage points per year between 2011/12 and 2016/17.

Reuters

June 12, 2019

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