Questioning accuracy of India's GDP growth rate projections: Should you believe the numbers?

Questioning accuracy of India's GDP growth rate projections: Should you believe the numbers?

IBTimes

With India's GDP growth rate on a decline for the past few years, it is of pertinence to understand if the figures stated by the Ministry of Statistics and Programme Implementation (MOSPI) under the Modi governance hold any verity to the projections made or if the numbers have been overestimated according to claims made by Former CEA Arvind Subramanian in the recent past.

Former chief economic adviser Arvind Subramanian published a research paper at Harvard University suggesting that, with the change in base year and calculation method, India's GDP could have been overestimated by a 2.5 percent every year since 2011. This put the cumulative GDP growth rate for 2011-18 at 19 to 21 percent.

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