'India's GDP estimate made by IMF consistently INACCURATE', former CEA Subramanian hits back

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Krishnamurthy Subramanian, the former CEA and executive director at the IMF on Saturday said the staff at the International Monetary Fund has consistently been ‘INACCURATE’ about India’s growth estimates during hid tenure at the Washington-based financial body.

“During my tenure at @IMFNews (since Nov-22), IMF staff’s estimate of India’s growth rate has been consistently INACCURATE. While India’s growth has been >7%, IMF staff estimates have ALL been <7%,” the IMF official wrote in a post on X (formerly Twitter).

Subramanian claimed that he made accurate predictions about India;s growth rate, saying “While India’s growth has been >7%, IMF staff estimates have all been <7%. I’ve made accurate predictions.”

“See my Sep-21 prediction – Expect more than 7% growth for India this decade: CEA Subramanian. And actual growth FY21-22=9.7%; FY22-23=7.0%; FY23-24 (estimate)=7.6%. The Data speaks!” 

(Please check back for more updates)

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Published: 06 Apr 2024, 10:12 AM IST

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