MUMBAI—India’s economy has grown far less quickly than official government figures show over much of the past decade, according to an academic paper by a former top economic adviser to Prime Minister Narendra Modi. The economy very likely grew at an average annual rate between 3.5% and 5.5% from 2011 to 2016, a period when government calculations put growth at 6.9%, according to the study by Arvind Subramanian, who left his post as the Modi government’s chief economic adviser in 2018 to become a professor at Harvard University.

Source: Wall Street Journal June 11, 2019 20:12 UTC