Subramanian Swamy tweets on US report regarding India's growth

The US State Department in a report said that India's 7.5 percent growth rate may be "overstated".

New Delhi: BJP MP Subramanian Swamy on Thursday tweeted about US State Department report that India's growth rate is over-estimated.

He also took note of economist noble laureate Joseph Stiglitz comments yesterday that Indian policymakers should focus on growing India's economy rapidly rather than "getting overly obsessed about inflation".

Swamy criticised journalists in Delhi for being "silent" about those two observations.

"Lutyen journos silent on US State Dept stating growth rate over-estimated and Stiglitz says growth more important than controlling inflation," Swamy tweeted.

Stiglitz, an eminent economist, at a media interaction yesterday opined that excessive focus on inflation could hurt growth leading to unemployment and inequality.

The US State Department in a report yesterday said that India's 7.5 percent growth rate may be "overstated".

"Ostensibly, India is one of the fastest growing countries in the world, but this depressed investor sentiment suggests the approximately 7.5 percent growth rate may be overstated," the report said.