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India's reduced GDP forecasts 'too optimistic': Ex-CEA Arvind Subramanian

Subramanian, along with public policy expert Devesh Kapur of Johns Hopkins University, was speaking at a webinar organised by National Council of Applied Economic Research.

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Arvind Subramanian | GDP forecast | India GDP growth

Arup Roychoudhury  |  New Delhi 



Arvind Subramanian
Subramanian and Kapur also said the Fifteenth Finance Commission (FC) should do-over the recommendations it had made in its first report for 2020-21, and should not submit its second report for 2021-22 to 2025-26 until the pandemic is well and truly dealt with.

The reduced growth forecasts on India being given by various research, ratings, and multilateral agencies in light of the Covid-19 pandemic are “way too optimistic”, and the impact of the lockdown could be even worse than what is being predicted, said former Chief Economic Advisor on Wednesday.

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First Published: Thu, April 16 2020. 01:21 IST

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