Among them, China’s growth rate declined only from 10.5 percent to 9.6 percent over that period, and it still exhibits one of the highest economic growth rates in the world. In the case of India, its rate showed an increase of 7.1 percent to 7.7 percent over this period.
In a recent survey of consumer price indexes in its member countries, the OECD found that most countries felt that measurement bias was smaller in magnitude in their own countries than in the United States. Certainly regarding quality adjustment, however, I doubt that this is generally the case.