PM advisory body refutes Arvind Subramanian’s claim that GDP growth was overestimated

The Economic Advisory Council said it would examine the former chief economic advisor’s paper in detail, and present a point-by-point rebuttal ‘in due course’.

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· Jun 12, 2019 · 04:55 pm

GDP estimates based on ‘accepted methodologies’, says Centre after ex-CEA says growth overestimated

Arvind Subramanian said the actual GDP growth between 2011-’12 and 2016-’17 may have been 4.5%, below the official estimates of 7%.

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· Jun 12, 2019 · 07:51 am

India’s GDP grew 4.5% between 2011-’12 and 2016-’17, not 7%, says former chief economic adviser

Arvind Subramanian wrote in ‘The Indian Express’ that the country’s growth has been overestimated by 2.5% points per year during this period.

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· Jun 11, 2019 · 08:51 am

Industrial output shrinks 0.1% in March – first decline in 21 months

The cumulative growth for 2018-’19 stood at 3.6%, down from 4.4% in the previous financial year.

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· May 11, 2019 · 07:02 pm

Industrial growth slowed to 0.1% in February, retail inflation rose to 2.86% in March

The cumulative industrial growth rate for the April 2018 to February 2019 period stood at 4%.

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· Apr 12, 2019 · 07:18 pm

Arun Jaitley says India may become 3rd largest economy by 2030, poverty will fall below 10% by 2025

The percentage of those who comprise the middle class will rise from 18% in 2005 to 44% in 2025, Jaitley said.

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· Apr 07, 2019 · 09:17 am

Raghuram Rajan raises questions about India’s growth rate, calls for impartial body to clean up data

The former RBI governor said he is ‘in the camp that has no idea what the statistics are at this point’.

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· Mar 26, 2019 · 09:35 pm

India has implemented key reforms, but needs more to sustain growth: IMF

Meanwhile, Fitch Ratings cut its forecast for India’s economic growth for 2019-’20 to 6.8% from its previous estimate of 7%.

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· Mar 22, 2019 · 12:22 pm

India’s GDP growth slowed to five-quarter low of 6.6% in October-December

The growth in economic output in 2018-’19 is now estimated at 7%.

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· Feb 28, 2019 · 07:53 pm

Raghuram Rajan says India will eventually surpass China in economic size

The former RBI governor said New Delhi will ultimately be in a better position to create infrastructure in the region, compared to Beijing.

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· Jan 23, 2019 · 08:38 am

Fitch cuts India’s growth forecast to 7.2%, says rupee may weaken to 75 a dollar by end of 2019

The forecast is lower than the Reserve Bank of India’s estimates of 7.4% growth for the current financial year.

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· Dec 06, 2018 · 01:34 pm

Centre lowers GDP growth rate for UPA years, says its new data presents better picture of economy

As per the new back series, India’s economy grew by 8.5% in 2010-’11 and not by 10.3% as estimated earlier.

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· Nov 28, 2018 · 08:22 pm