Former chief economic advisor Arvind Subramanian said India must plan for substantially negative growth this year and be ready to spend an additional Rs 10 lakh crore since its economy is facing a calamity following the Covid-19 pandemic.
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Former chief economic advisor Arvind Subramanian suggested that India’s growth was overstated by about to 2.5 per cent. Referring to his research paper, he said the average annual growth between 2011-12 and 2016-17 may have been about 4.5 per cent, not 7 per cent.
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