A recent paper by former Chief Economic Advisor of India, Arvind Subramanian made a shocking claim that India’s GDP growth between 2011-12 and 2016-17 was 4.5 per cent per year, substantially lower than the oft-quoted figure of 7 per cent. This finding serves as a reminder that not all’s well in the economic engine and incrementalism can’t resolve India’s growth challenge. Nitin Pai and Anupam Manur join Pranay Kotasthane to discuss.
1. India’s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications, by Arvind Subramanian www.hks.harvard.edu/centers/cid/pub…dp-overestimate
2. India’s GDP Growth, The Indian Express, indianexpress.com/article/opinion/…innings-5774138/
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