India's China syndrome

Those who are aware of the intense debate on the reliability of China’s economic data should find many familiar elements in the face off between former chief economic adviser Arvind Subramanian’s (AS) and the keepers of the faith in India’s official data machine. They include the Prime Minister’s Economic Advisory Council (the PMEAC), which has issued a rather stern riposte (“GDP estimation in India- Perspectives and Facts”, 19 June 2019) to AS’s claim that the new methodology for measuring India’s GDP with 2011-12 as the base year significantly .....
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