Gdp Overestimation

India's gross domestic product (GDP) growth is neither overestimated nor underestimated and the concerns on data are "unfounded", the Economic Survey 2019-20 said on Friday as it tried to settle the debate over veracity of the macroeconomic data following change in estimation methodology.

What the country faces today is "not an ordinary economic slowdown", Arvind Subramanian - the former chief economic adviser to the Narendra Modi government - told NDTV's Dr Prannoy Roy

Sticking to his analysis that India's economic growth has been overestimated, Arvind Subramanian said he had raised doubts about the GDP numbers in 2015 when he was the chief economic adviser of the Modi government as he found inconsistency between projected growth and other macro indicators.

Now, Arvind Subramanian, a well-regarded economist who was till last year one of PM Narendra Modi's most senior advisers, has argued in a Harvard working paper that the country's official figures overestimate growth by several percentage points.

The estimate of the country's economic growth are based on "accepted procedures, methodologies and available data", the government said on Tuesday after an article by former Chief Economic Adviser Arvind Subramanian suggested that the figures are overestimated.

India's growth in a six-year period spanning both the Congress-led UPA government and the BJP-led NDA government was overstated by about 2.5 per cent, former Chief Economic Adviser Arvind Subramanian suggests in an article published by the Indian Express newspaper on Tuesday. The average annual growth between 2011-12 and 2016-17 may have been about...

Amid concerns raised over growth numbers in the wake of an NSSO report, the finance ministry on Friday said the extent of overestimation of GDP "in all likelihood is marginal" as the proportion of closed and non-traceable enterprises in the corporate affairs ministry's database is falling.

"The GDP of the country will decline by about 2 per cent by what has been done. And this is an underestimate and not an overestimate," Mr Singh said

India's gross domestic product (GDP) growth is neither overestimated nor underestimated and the concerns on data are "unfounded", the Economic Survey 2019-20 said on Friday as it tried to settle the debate over veracity of the macroeconomic data following change in estimation methodology.

What the country faces today is "not an ordinary economic slowdown", Arvind Subramanian - the former chief economic adviser to the Narendra Modi government - told NDTV's Dr Prannoy Roy

Sticking to his analysis that India's economic growth has been overestimated, Arvind Subramanian said he had raised doubts about the GDP numbers in 2015 when he was the chief economic adviser of the Modi government as he found inconsistency between projected growth and other macro indicators.

Now, Arvind Subramanian, a well-regarded economist who was till last year one of PM Narendra Modi's most senior advisers, has argued in a Harvard working paper that the country's official figures overestimate growth by several percentage points.

The estimate of the country's economic growth are based on "accepted procedures, methodologies and available data", the government said on Tuesday after an article by former Chief Economic Adviser Arvind Subramanian suggested that the figures are overestimated.

India's growth in a six-year period spanning both the Congress-led UPA government and the BJP-led NDA government was overstated by about 2.5 per cent, former Chief Economic Adviser Arvind Subramanian suggests in an article published by the Indian Express newspaper on Tuesday. The average annual growth between 2011-12 and 2016-17 may have been about...

Amid concerns raised over growth numbers in the wake of an NSSO report, the finance ministry on Friday said the extent of overestimation of GDP "in all likelihood is marginal" as the proportion of closed and non-traceable enterprises in the corporate affairs ministry's database is falling.

"The GDP of the country will decline by about 2 per cent by what has been done. And this is an underestimate and not an overestimate," Mr Singh said