June 12, 2019 / 10:26 AM / 2 months ago

Indian government says will examine ex-advisor's finding of overstated GDP growth

Arvind Subramanian, gestures as he speaks during a session themed Asian Growth Models at the "Advancing Asia: Investing for the Future" conference in New Delhi, India, March 12, 2016. REUTERS/Anindito Mukherjee/File Photo

NEW DELHI (Reuters) - India’s top ranking economic advisory council will examine former chief economic adviser Arvind Subramanian’s research findings that the country’s economic growth has been overstated, the government said in a statement on Wednesday.

India will issue ‘point-to-point’ rebuttal on the issue in due course, the government said.

In a column published in a newspaper earlier this week, Subramanian said his research indicated that the change in the methodology led to GDP growth being overstated by about 2.5 percentage points per year between 2011/12 and 2016/17.

Reporting by Aftab Ahmed; Editing by Sanjeev Miglani

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