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.
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:
- The CSO (Central Statistics Office) is a highly credible organisation
- In fact we only get to know the data once it's released
- New data is more credible
- The GDP data takes into account far greater representation of the Indian economy
- The GDP growth in last 2 yrs - curiously at that time revision made it go upward. That time, it was welcomed by people by the then government
Modi govt & its puppet Niti Aayog want the people to believe that 2+2=8!
- Arjun Modhwadia (@arjunmodhwadia) November 29, 2018
Such is the gimmickry, jugglery, trickery & chickanery being sold as "back series data," of GDP growth of UPA! pic.twitter.com/tOguwJG7xl
New Data :
- Kapil Sibal (@KapilSibal) November 29, 2018
Growth faster under NDA than UPA
True growth in :
Jumlas
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 .)
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! pic.twitter.com/hHqLHKGlr2
- BJP (@BJP4India) November 28, 2018
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
