In a strongly worded point-to-point rebuttal, the Economic Advisory Council to Prime Minister Narendra Modi has rejected Arvind Subramanian’s claim that India’s economic growth was overestimated by nearly 2.5 percentage points in the 2011-17 period.
In an official note published on Wednesday, the EAC said the former chief economic advisor (CEA) has “cherry-picked” data, that his analysis is not statistically robust and is a “hurried attempt” at a complex econometric exercise, and that it reflects his “blind distrust” in the government’s own central statistics office (CSO).
“This blind trust in a private agency (CMIE) and blind distrust in
In an official note published on Wednesday, the EAC said the former chief economic advisor (CEA) has “cherry-picked” data, that his analysis is not statistically robust and is a “hurried attempt” at a complex econometric exercise, and that it reflects his “blind distrust” in the government’s own central statistics office (CSO).
“This blind trust in a private agency (CMIE) and blind distrust in