India’s economic growth may not be so rosy after all

the Mumbai Monorail train makes its way through the city's eastern suburbs during a run between Wadala and Chembur in Mumbai. - AFP

Mumbai: India’s statistics may have been painting a far rosier picture of economic growth than the more modest reality of the past decade.

The nation has held the crown of the world’s fastest-growing major economy until recently, but a new study by former chief economic adviser Arvind Subramanian says the expansion was overestimated between 2011 and 2017.