India’s GDP Growth – New Methodology

INDIA’S GDP GROWTH – NEW METHODOLOGY   For: Mains Topics covered: Former CEA’s report, PM’s Economic Advisory Council’s clarifications, What is GDP   News Flash The Prime Minister’s Economic Advisory Council (PMEAC) has released a detailed note enumerating its objections to former Chief Economic Adviser Arvind Subramanian’s paper on India’s GDP growth. This note rejects the methodology, arguments, and conclusions in Subramanian’s paper. Growth Domestic Paper: GDP is a broad measurement of a nation’s overall economic…

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