GDP growth figures overestimated by 2.5%: Ex-CEA

India’s statistics may have been painting a far rosier picture of economic growth than the more modest reality of the past decade. The nation has held the crown of the world’s fastest-growing major economy until recently, but a new study by former chief economic advisor Arvind Subramanian says the expansion was overestimated between 2011 and 2017.

GDP growth figures overestimated by 2.5%: Ex-CEA
India’s statistics may have been painting a far rosier picture of economic growth than the more modest reality of the past decade. The nation has held the crown of the world’s fastest-growing major economy until recently, but a new study by former chief economic advisor Arvind Subramanian says the expansion was overestimated between 2011 and 2017.