Subramanian Swamy threatens to apply Samuelson-Swamy Index Numbers Theory to GDP to burst government bubble

Subramanian Swamy and his Harvard University teacher Paul A Samueslon published a paper on the Theory of Index Numbers in 1974.

July 1, 2016, NewsCrunch

Subramanian Swamy tweeted on Friday morning threatening to burst government claims that economy was witnessing an uptick under Modi.

The government especially the Finance Ministry has been claiming that India's GDP has touched 7.4% under Modi, though many experts have accused it of tampering with the methodology to boost up the numbers.

In the Friday tweet, Subramanian Swamy hinted that the truth would come out if 'Samuelson-Swamy Theory of Index Numbers' was applied to India's GDP calculation or RBI interests rates.

The revelation would be damaging and media would scream that he was indulging in  anti party activity, the tweet noted.
Subramanian Swamy and his Harvard University teacher Paul A Samueslon, the highly acclaimed economist, published  a paper on the Theory of Index Numbers in American Economic Review in 1974.

The often cited paper lays down a methodology to use index numbers to compare disparate entities such as trucks and fertilisers to evaluate different sectors of the economy.

Though the tweet seems to target Arun Jaitley and Raghuram Rajan, given that Modi has thrown his weight behind them, Subramanian Swamy may be angling for a bigger kill.