Hayek Order
Monday, June 17, 2019
New Discussion about GDP of India
As in the past, there is a heated discussion about the new method of arriving the GDP of India in the last few years.
Here are some of the reading to ponder it wisely:
The great Indian GDP debate, explained in five charts
Subramanian fails the smell test no less than India’s GDP data
by Swaminathan S Anklesaria Aiyar
Arvind Subramanian’s attempt to estimate GDP instead of explaining it through cross-country regression fraught with problems
by Bibek Debroy
GDP estimation: System not perfect, but it’s better than one based on annual surveys
by Bibek Debroy
Passing the tax smell test
by Harsh Gupta
Ex-CEA Arvind Subramanian Has Junked Not Only GDP Data, But Also Monetary And Fiscal Policy Wonks
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