Key to successful economic transformation lies in having a holistic picture about the challenges facing the economy and then synchronising specific policy responses with the right opportunities for making these interventions read more

In a research paper, Subramanian, who stepped down last year, said India’s economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17. read more

Subramanian, in a paper, said India’s economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology. read more

The ministry said the Base Year of the GDP Series was revised from 2004-05 to 2011-12 and released on January 30, 2015 after adaptation of the sources and methods in line with the SNA 2008. read more

The nation has held the crown of the world’s fastest-growing major economy until recently, but a new study by former Chief Economic Adviser Arvind Subramanian says the expansion was overestimated between 2011 and 2017. read more

Recently, several experts including former RBI Governor Raghuram Rajan and former chief economic advisor Arvind Subramanian had expressed doubts over India’s revised economic growth data. read more

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Rs 75,000 crore has been earmarked for PM Kisaan scheme, which will be implemented with retrospective effect from December 2018. read more

A particular version of universal basic income (UBI), a welfare benefit that guarantees a certain threshold sum of money for everyone regardless of whether they work or not, is the next big political-economy idea fast catching up in India. read more

Finance minister Arun Jaitley expressed confidence that the government will meet its fiscal deficit target for the year to March 31 without dipping into the central bank’s reserves, which he said could be used for recapitalising state-run banks or for... read more

He also said that GST design could have been much better and there should not be more than three rates going forward. read more

The former CEA says he does not think anyone disputes that demonetisation slowed growth. Rather, the debate has been about the size of the effect -- whether it was 2 per cent points, or much less. read more

Subramanian says due to less suitable global economic scene, reaching double-digit growth will need more hard work read more

Rahul Gandhi’s statement came after Union Minister Arun Jaitley announced that Chief Economic Advisor Arvind Subramanian was leaving the Finance Ministry. read more

Union minister Arun Jaitley made the announcement about the chief economic adviser’s resignation in a Facebook post saying that Arvind Subramanian would like to return to the US for personal reasons. read more