Posted 4/6/2024, 5:36:00 AM
Former India CEA Subramanian Slams Inaccurate IMF Growth Forecasts, Upbeat on 8% Target
- Former Indian CEA Krishnamurthy Subramanian says IMF's India GDP forecasts have been "consistently inaccurate" compared to his "accurate" predictions
- Controversy stems from IMF spokesperson clarifying Subramanian's 8% GDP prediction doesn't represent IMF's view
- Subramanian claims IMF predictions for FY23-24 have had error margins between 1.7-2.1% while his have been more accurate
- Subramanian expressed optimism about 8% growth for India until 2047 if current policies continue and reforms accelerate
- IMF set to release updated growth projections in upcoming World Economic Outlook report
