GDP Growth During UPA Regime Revised Downwards; “Bad Joke,” Says Congress

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The GDP growth rates for FY 2006-12 have been revised using new back series data.

New Delhi:

The government on Wednesday released the much-awaited back-series estimates for India's GDP which showed a lower rate of growth during the UPA years between 2005-06 and 2011-12 than what was estimated using the earlier methodology. The Congress accused Prime Minister Narendra Modi and Finance Minister Arun Jaitley of "malicious and fraudulent jugglery" to hide the poor state of economy.

Data released by the Central Statistics Office on Wednesday showed that the maximum growth rate in the UPA years was 8.5 per cent in 2010-11, significantly lower than the 10.3 per cent estimated earlier.

NITI Aayog Vice Chairman Rajiv Kumar said an extensive recalibration exercise using the latest data sources and methodological changes had led to a change in growth rates in the back series.

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He said the back series had been checked for its methodological soundness by leading statistical experts in the country during two round tables organised by the NITI Aayog in which domain experts participated to ensure the quality of coverage and methodology.

Chief Statistician Pravin Srivastava said the methodology and concepts incorporated to arrive at the back-series data were consistent with international standards.

Here are the LIVE updates on the story:

Nov 29, 201810:00 (IST)

New Data :
Growth faster under NDA than UPA
True growth in :
manipulating (CSO , NSSO's data)
falsifying outcomes (eg on paper 'electrified' villages in reality 'darkness')
lies (eg Oct.29, 2017 Modi said Govt. launched DBT scheme . Launched in 2013 under UPA .)

– Kapil Sibal (@KapilSibal) November 29, 2018

Nov 29, 201809:53 (IST)

Congress and P Chidambaram's only argument that our growth was better than yours stands demolished when brought on par, basis GDP growth measured by new series, over the UPA and NDA eras!

– BJP (@BJP4India) November 28, 2018

Nov 29, 201809:52 (IST) Former finance minister Chidambaram, in a series of tweets, called the numbers a "bad joke" and worse. "Niti Aayog's revised GDP numbers are a joke. They are a bad joke," he said in one tweet. "Actually they are worse than a bad joke. The numbers are the result of a hatchet job," he added, calling for disbanding what he called an "utterly worthless body".

The earlier numbers were calculated by the National Statistical Commission. Has the Commission been disbanded?

– P. Chidambaram (@PChidambaram_IN) November 28, 2018

I wonder if Niti Aayog Vice Chairman Rajiv Kumar will agree to a debate the data than telling journalists that their questions are "undeserving of an answer".

– P. Chidambaram (@PChidambaram_IN) November 28, 2018

Nov 29, 201809:50 (IST) The government's back-series data for India's GDP, which downgrades growth during the previous Congress-led UPA's rule, has provoked a new political bust-up.No more content CommentsSource Article