Posted 3/16/2024, 5:23:26 AM
Former Chief Economic Adviser Questions India's GDP Growth Numbers
- GDP numbers 'absolutely mystifying', 'don't add up', says former CEA Arvind Subramanian
- Implied inflation numbers given by government are 1-1.5% but actual is 3-5%
- Private consumption lagging at 3% while economy was growing at 7.5%
- Errors and omissions not accounted for are 4.3 percentage points of estimated 7.6% GDP growth
- India's share of global FDI to emerging markets has declined despite claims of being an attractive investment destination
