Arvind Subramanian

Arvind Subramanian News

Lacks rigour, simplistic: PM advisory team rejects ex-CEA GDP downgrade

The EAC note states that the former CEA used 17 indicators and a majority of these were taken directly from Centre for Monitoring Indian Economy (CMIE), a private agency that is not a primary source of information but collects it from different sources.

No Finance Minister (FM) starts on a clean slate

The slate is always full of writing — some helpful, some harmless, some a headache and some a hindrance!


Is it possible that GDP was over-estimated and no one knew about it, including economists in govt?

Is it possible that growth was over-estimated by a large 250 bps a year for five years and no one knew about it, including economists in government?

Will come out with point-to-point rebuttal: EAC-PM on ex-CEA Arvind Subramanian’s GDP claims

The Council pointed out several flaws in Subramanian’s analysis, arguing that he used questionable proxy indicators and his research did not allow for GDP increases on the basis of productivity gains.

EAC-PM to come out with point-by-point rebuttal of former CEA Subramanian's claims on GDP numbers

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

India’s GDP growth: New evidence for fresh beginnings

Methodological changes have led to overestimating GDP growth by 2.5 percentage points per year between 2011-12 and 2016-17. Actual growth is around 4.5 per cent.


Ex-CEA Arvind Subramanian cutting GDP growth 2 pc points: Govt defends its data

Arvind Subramanian, in a recent research paper published at Harvard University that formed the basis of his piece in The Indian Express Tuesday, concluded that the country’s growth has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17.

7 to 4.5%: Ex-CEA cuts GDP estimate between 2011-12 and 2016-17

While official estimates have pegged average annual growth at around 7 per cent during this period, actual GDP growth is likely to have been lower, at around 4.5 per cent, says Subramanian

Listen to him

Instead of looking for ex-CEA’s motives, all sides would do well to address the key questions his paper raises on the slowdown

Centre defends methodology after former CEA Arvind Subramanian says GDP growth figures 'overstated'

Arvind Subramanian, in an article published by The Indian Express, said his research found that the actual annual growth rate may have been about 4.5 per cent, below the official estimates of 7 per cent.

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Chief Economic Advisor Arvind Subramanian announces he's leaving

Chief Economic Advisor Arvind Subramanian on Wednesday said he will leave his role at the Finance Ministry in a couple of months. He said he will always be committed to serving the country.

Arvind Subramanian Videos

‘Think of it the other way, not about govt raiding RBI, but how RBI could have behaved differently’

In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.