ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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'The Great Reversal'

With reference to my article “The Great Reversal: A Macro Story” (EPW, 24 May 2014), Rangeet Ghosh of the Office of the Chief Economic Adviser, Ministry of Finance, has pointed out that in the most recent version of the source cited by me for Table 4, the figures for public and private capital formation are interchanged in relation to what is reported in the article. Though I am able to confirm that I had transferred the data correctly, he is right about the discrepancy, and I am grateful to him for having spotted it.

In a revised version of the article, to appear in Economic Growth and Its Distribution in India: Essays from the EPW (Hyderabad: Orient BlackSwan, forthcoming 2015) the data on capital formation has been taken from an alternative source, namely, the government’s Economic Survey 2013–14.

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