Posted 4/6/2024, 4:42:00 AM
IMF's India Growth Estimates 'Hugely' Off, Ex-CEA Flags Repeated Forecast Errors
- IMF estimates of India's GDP growth have been consistently inaccurate and below actuals per ex-CEA Subramanian
- Subramanian claims his predictions of >7% growth have been accurate compared to IMF's estimates of <7%
- He flags IMF's "huge" errors of up to 2.1% in estimates of India's GDP growth
- IMF projects India's growth to remain strong at 6.5% in 2024 and 2025, upgrading October forecasts
- Subramanian said India can grow at 8% till 2047 if good policies of last 10 years are redoubled and reforms accelerated