India's GDP growth overestimated by 2.5% between 2011-12 and 2016-17: Arvind Subramaniam

[BDurruti]

https://www.firstpost.com/business/indias-gdp-growth-overestimated-by-2-5-between-2011-12-and-2016-17-former-chief-economic-adviser-arvind-subramanian-6792711.html

Arvind Subramanian, Narendra Modi government's former chief economic adviser, has deduced that India's economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology for calculating GDP.

India's gross domestic product (GDP) growth rate between this period should be about 4.5 percent instead of the official estimate of close to 7 percent, he said in a research paper published at Harvard University.

"India changed its data sources and methodology for estimating real gross domestic product (GDP) for the period since 2011-12. This paper shows that this change has led to a significant overestimation of growth," he said in the paper.

The paper comes amidst controversy over the country's economic growth under the new GDP series. The revision in the methodology happened during the first term of the Modi government.

[BDurruti]

over to Modi's faithful dog - Nirmala Sitharaman, to bark at these facts.

must keep in mind to be away from english nes channels today.

[BDurruti]

I just caught a glimpse of Nirmala Sitaraman on NDTV. my day is about to get worse

[alpachinao]

Last year bodi govt chepindi ga manam gdp grwoth calculation tappu marustham gdp.will go down ante congi 10gindi labde ma govt lo gdp growth takkuva Ani cheptaniki bodi govt trying to cover up your mistakes Ani mAlla same song singing aah

[BDurruti]

2 minutes ago, alpachinao said:

Last year bodi govt chepindi ga manam gdp grwoth calculation tappu marustham gdp.will go down ante congi 10gindi labde ma govt lo gdp growth takkuva Ani cheptaniki bodi govt trying to cover up your mistakes Ani mAlla same song singing aah

 govt eppudu cheppindhi? its clear to anyone who's doing business in India that since 2012-13, Indian economy has lagged.

cong govt calculated the gdp with 2004 base, and it was low, but it became high when modi govt introduced a new base 2011, with some changes in how manufacturing output is calculated. it became high for all congi years too.

anyway, I don't fault modi for slagging growth. I'm happy if he doesn't do side extras like demonetization, banking transaction tax etc, because he wants to be seen as doing something.