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Chief economic adviser says new GDP estimates "puzzling"

Reuters
Chief economic adviser at India's Finance Ministry, Arvind Subramanian, speaks at the Global Business Summit in New Delhi, January 17, 2015. REUTERS/Anindito Mukherjee/Files (Reuters)

NEW DELHI (Reuters) - New estimates of India's gross domestic product (GDP) are "puzzling", Arvind Subramanian, chief economic adviser at the finance ministry, said on Friday, shortly after issuing a report based on the new numbers. A new calculation method, unveiled by the country's statisticians last month, has made India the world's fastest-growing big economy. But other economic indicators are not as rosy as GDP data suggests. (Reporting by Rajesh Kumar Singh)