Subramanian Swamy tweets on US report regarding India's growth

Bharatiya Janata Party MP Subramanian Swamy today tweeted about US State Department report that India's growth rate is over-estimated.

He also took note of economist and noble laureate Joseph Stiglitz's comments from yesterday that Indian policymakers should focus on growing India's economy rapidly rather than "getting overly obsessed about inflation".

Swamy criticised journalists in Delhi for being "silent" about those two observations.

"Lutyen journos silent on US State Dept stating growth rate over-estimated and Stiglitz says growth more important than controlling inflation," Swamy tweeted.

Stiglitz, an eminent economist, at a media interaction yesterday opined that excessive focus on inflation could hurt growth leading to unemployment and inequality.

The US State Department in a report yesterday said that India's 7.5% growth rate may be "overstated".

"Ostensibly, India is one of the fastest growing countries in the world, but this depressed investor sentiment suggests the approximately 7.5% growth rate may be overstated," the report said.