Tuesday, May 26, 2020 | Last Update : 06:06 AM IST

62nd Day Of Lockdown

Maharashtra50231146001635 Tamil Nadu162778324112 Gujarat140636412858 Delhi134186540261 Rajasthan70283848163 Madhya Pradesh66653408290 Uttar Pradesh62683538161 West Bengal36671339272 Andhra Pradesh2780184156 Bihar257470211 Karnataka208965442 Punjab2060189840 Telangana1854109253 Jammu and Kashmir162180921 Odisha13365507 Haryana118476516 Kerala8485206 Assam393584 Jharkhand3701484 Uttarakhand317583 Chandigarh2621794 Chhatisgarh252640 Himachal Pradesh203594 Tripura1941650 Goa66160 Puducherry41120 Manipur3220 Meghalaya14121 Arunachal Pradesh210 Mizoram110 Sikkim100

Government to come out with rebuttal of ex-CEA's claims on GDP numbers

PTI
Published : Jun 12, 2019, 4:44 pm IST
Updated : Jun 12, 2019, 4:57 pm IST

Arvind Subramanian, in a paper, said India's economic growth rate has been overestimated by around 2.5 percentage points.

 "These are certainly issues that Arvind Subramanian must certainly have raised while he was working as CEA, though by his own admission, he has taken time to understand India's growth numbers and is still unsure", the EAC-PM said.

New Delhi: The Economic Advisory Council to the PM on Wednesday refuted the claims of former CEA Arvind Subramanian regarding overestimation of Gross Domestic Product (GDP) numbers and said it will come out with a point-by-point rebuttal in due course.

Subramanian, in a paper, said 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.

The Economic Advisory Council will examine in detail the estimates made in Subramanian's paper and come out with a point-by-point rebuttal in due course, it said in a statement.

"At the moment, it is felt that any attempt to sensationalize what should be a proper academic debate is not desirable from the point of view of preserving the independence and quality of India's statistical systems, all of which the former CEA is familiar with," it said.

"These are certainly issues that Dr Subramanian must certainly have raised while he was working as CEA, though by his own admission, he has taken time to understand India's growth numbers and is still unsure", the EAC-PM added.

On Tuesday, the Ministry of Statistics and Programme Implementation (MoSPI) had said it follows accepted procedures and methodologies for arriving at projections of national income, while rejecting the contention of the former chief economic adviser (CEA).

Tags: arvind subramanian, gross domestic product, gdp, economic advisory council
Location: India, Delhi, New Delhi