EAC-PM takes on former CEA Arvind Subramanian's paper on India's GDP

In a research paper, Subramanian has said that India's real GDP growth was more likely to have been 3.5-5.5 per cent in 2011-2016

A day after former chief economic advisor Arvind Subramanian said real gross domestic product (GDP) growth had averaged 4.5 per cent in 2011-2016 and not 6.9 per cent as estimated by the National Statistical Office (NSO), the Economic Advi­sory Council to the Prime Minister (EAC-PM) said it would examine Subram­anian’s paper and issue a point-by-point rebuttal.

“It is felt that any attempt to sensationalise what should be a proper academic debate is not desirable from the point of view of preserving the independence and quality of India’s statistical systems, all of which the former CEA is familiar with,” said a statement