Subramanian vs Subramanian: Survey debunks critics on new GDP methodology

There have been similar criticisms of the methodology by other experts as well

The Economic Survey has found no evidence of miscalculation of India’s gross domestic product (GDP) growth by the new methodology, as alleged by critics. “...this chapter finds no evidence of mis-estimation of India’s GDP growth,” said the Survey in the chapter titled “Is India’s GDP Growth Overstated? No!”

The issue assumes importance since many critics, including Arvind Subramanian, the predecessor of Chief Economic Adviser Krishnamurthy Subramanian, author of this Survey, found loopholes in the current methodology that uses value addition method and new base year of 2011-12.