War of Words! Now, former CEA Krishnamurthy Subramanian says IMF GDP forecasts for India ‘consistently INACCURATE’
War of Words! Krishnamurthy Subramanian, the Executive Director at the International Monetary Fund has said that the IMF’s GDP growth forecasts for India have been consistently ‘INACCURATE’. In contrast, he claimed that his predictions of India’s GDP growth have been accurate. The issue stems from IMF spokesperson Julie Kozack recently stating that Krishnamurthy Subramanian’s 8% GDP growth forecast for the Indian economy does not represent that of the International Monetary Fund. Krishnamurthy Subramanian has previously served as a Chief Economic Advisor for the government of India.IMF had clarified that the recent growth projections made by Krishnamurthy Subramanian, the Executive Director representing India at the IMF, do not reflect the official views of the organization. In response t...