A former top economic adviser to Narendra Modi found India’s economy has grown far less quickly than official government figures show
MUMBAI—India’s economy has grown far less quickly than official government figures show over much of the past decade, according to an academic paper by a former top economic adviser to Prime Minister Narendra Modi.
The economy very likely grew at an average annual rate between 3.5% and 5.5% from 2011 to 2016, a period when government calculations put growth at 6.9%, according to the study by Arvind Subramanian, who left his post as the Modi government’s chief economic adviser in 2018 to become a professor at Harvard University.
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