Few takers for Subramanian's theory that GDP collapsed before Covid

But those involved with GDP calculations concede he used robust parameters

Criticism of the current official gross domestic product (GDP) series is not new. Many commentaries have put a question mark on the latest series since it was announced in 2015.

The current series has a different methodology to calculate GDP and its various segments when compared with the old one. The current base year is 2011-12, while it was 2004-05 in the previous calculations.

A recent presentation by former chief economic advisor Arvind Subramanian at Indira Gandhi Institute of Devel­opment Research (IGIDR) HAS reignited the debate on the latest GDP series.

 The presentation was basically a study — titled Peering