Report Which Showed Higher GDP Growth in Manmohan Singh-led UPA Era Taken Off Government Website?
The revised data was formulated using 2011-12 prices as the base, as opposed to the 2004-05 prices used earlier for the estimation of GDP growth.
New Delhi, Aug 21: The report on revised GDP growth estimates for erstwhile years, released by the National Statistical Commission (NSC) on Friday, has been removed from the government websites.
The revised data was formulated using 2011-12 prices as the base, as opposed to the 2004-05 prices used earlier for the estimation of GDP growth. The report led to the eruption of a political row, as it showed that growth was higher during the UPA era vis-a-vis the incumbent NDA regime.
As per the report, India clocked its only double-digit growth post liberalisation of the economy in 2006-07, when the GDP growth rate peaked to 10.8 per cent.
"The GDP backseries data is finally out. It proves that like-for-like, the economy under both UPA terms (10 year avg: 8.1%) outperformed the Modi government (Avg 7.3%)," the Congress had said after the release of the report.
The BJP, however, struck back, saying that UPA was harvesting the constructive work done by the Atal Bihari Vajpayee government.
"India grew at a high rate between 2003 and 2008 thanks to the work done by the outgoing Vajpayee government, continuous incremental reforms from 1991 to 2004," Jaitley said in a Facebook blog, adding that the Manmohan Singh regime left the economy in a deteriorated state while demitting Office.
"Fiscal discipline was compromised and the banking system was advised to go in for reckless lending notwithstanding the fact that it would eventually put the banks at a risk. And yet when the UPA moved out of power in 2014, the last three year record, even in terms of growth, was less than modest," Jaitley added.
(The above story first appeared on LatestLY on Aug 21, 2018 04:00 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).