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INDIAN (B)

GDP numbers: EAC to counter Subramanian's claims

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Economic Advisory Council to PM has refuted the claims of former CEA Arvind Subramanian regarding overestimation of GDP numbers and said it will come out with a point-by-point rebuttal in due course. Subramanian, in a paper, had said India’s economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology for calculating GDP.



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