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.
Ground Reality always was clear, Modi Government claims on GDP growth are exaggerated. No doubt Modi government lies and wins elections on Emotive issues.
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