Regarding India’s prospects for growth, the International Monetary Fund and its former Chief Economist Krishnamurthy Subramanian have clashed. The Indian economy, according to the former executive director, could develop at an annual rate of 8% until 2047. Meanwhile, the IMF disassociated itself from Subramanian’s estimates of the country’s economic growth.
Subramanian retaliated against the Washington-based financial organization on Saturday, claiming that during his time there, IMF employees had continuously provided growth predictions for India that were “INACCURATE.”
“During my tenure at IMFNews (since Nov-22), IMF staff’s estimate of India’s growth rate has been consistently INACCURATE,” the IMF official wrote in a post on X (formerly Twitter).
IMF Official
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.”
