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GDP debate: Centre rebuffs criticism of methods, says 7.8% growth correct
Developing
In Short: The Ministry of Statistics and Programme Implementation rebuts criticism of GDP data methods, asserting the 7.8% growth is accurate despite opposition claims of fudging.
Amid a growing debate over India's GDP data, the Ministry of Statistics and Programme Implementation (MoSPI) issued a rebuttal on Wednesday, defending its methods and the recently released 7.8% growth figure.
MoSPI stated that the revision from Rs 86.05 lakh crore to Rs 80.00 lakh crore is due to changes in the base year, improved data sources, and updated methodologies, not a deliberate downward revision.
In contrast, the Congress party criticized the data, tweeting that the 7.8% growth is based on 'fudged' numbers, with the actual growth being 2.6% according to their sources.
The debate has spilled into social media and political circles, with MoSPI asserting the correctness of its methods and the numbers released.
What's confirmed
What's still developing
- Amid a debate that has spilled over into social media and political circles, the Ministry of Statistics and Programme Implementation (MoSPI) on Wednesday issued a six-point rebuttal to the questions being raised…
- “Thus, the movement from Rs 86.05 lakh crore to Rs 80.00 lakh crore is the result of successive revisions to the GDP series arising from the change in base year, incorporation of improved data sources and…
- The Congress, meanwhile, quoting Garg’s television interview, said on X: “7.8% GDP Growth in Fudged Data, 2.6% in Reality”.
Sources
- The Indian Expresslink