Revised GDP Data Shows Modi Govt Better Than UPA, Centre Defends While Opposition Cries Foul

The Logical Indian Crew India

November 29th, 2018 / 7:15 PM

UPA GDP Lowered

Image Credit:

On November 28, the government revised the 2006-2012 Gross Domestic Product growth rates to show a “more accurate picture of the economy”. The new data has been released by the Central Statistical Office (CSO) in a joint press conference with Niti Aayog on November 28.

As per the new estimates, India recorded a peak growth rate of 8.5% growth in 2010-11 as opposed to 10.3% for the same period in the old report. Niti Aayog, in its official statement, said that the back series had been checked for its “methodological soundness” by leading experts in the field.

Revised GDP numbers bring controversy

Back series refer to revising the GDP in accordance with the changed base year. Changing the base year is done to calculate the GDP in line with the global trend to effectively capture the economic information accurately, as reported by The Economic Times.

The average growth for the UPA years in the period FY06 to FY12 before the back series, was estimated to be 7.75%, but it has now been revised to 6.82% (6.7%). In comparison, the average growth rate under Modi government has been 7.35%.

The old GDP rates were as per 2004-05, which was changed to 2011-12 to calculate fresh data. It may be noted that in August, a recalibration was carried out by the Sudipto Mundle committee set up by National Statistical Commission. That recalibration calculated the growth rates under the UPA regime to be at over 10% in 2006-07 as opposed to 9.57% when calculated without changing the base years.

Defending the latest report by CSO, the Modi government is saying that the August numbers were not actual but done on an experimental basis. The Modi administration further added that the August numbers were only meant to facilitate the adaption of an appropriate approach in calculating back series, as reported by Scroll.

Niti Aayog’s Vice-Chairman, Rajiv Kumar said that the new GDP series is far superior to the August estimates. According to Moneycontrol, “A complex exercise has been carried out by the Ministry of Statistics and Programme Implementation to update the National Accounts Series. The new series has made significant methodological improvements,” said Kumar.

Finance Minister Arun Jaitley called CSO a highly credible organisation which maintains “an arm’s length from the Finance Minister”.

Congress accuses Modi govt of manipulating data

Congress leader and former Finance Minister P Chidambaram said that the numbers were a result of a hatchet job.

Congress spokesperson Randeep Singh Surjewala said, “Modi Government and its puppet Niti Aayog want the people to believe that 2+2=8. Such is the gimmickry, jugglery, trickery and chicanery being sold as back series data.”

The Logical Indian Take

Revising base years is a known and recurring practice. However, the recent controversy and mud-slinging is aided and abetted by two major factors. One is that the August estimates showed UPA era in a favourable light while the new data shows BJP era to be better growth wise. Second is the involvement of NITI Aayog in the whole thing, which is leading opposition members to further allege ‘foul’. Technically, the growth trajectories seem to be pretty similar in both cases, however, the political one-upmanship is the basis of the drama.

Also Read: Report Showing Higher GDP Growth During UPA Tenure Removed From Govt Website


Written by : Shraddha Goled

Edited by : Abhinav Joshi

Share your thoughts..

Related Stories

UPA Oil Prices

Have UPA-Era Oil Bonds Prevented Modi Govt From Reducing Oil Prices?


Report Showing Higher GDP Growth During UPA Tenure Removed From Govt Website

GDP Growth Manmohan Singh

New GDP Data Shows India Attained More Than 10% Growth Twice During Dr Manmohan Singh’s Tenure

India’s GDP Rises To 7.2% In December Quarter, Surpasses China GDP Of 6.8%

RBI Data Shows Worsening Distress In The Farming Sector Yet Farmers Are Better Borrowers Than Corporates

Finance Minister Defends FRDI Bill Again, Says Will Protect Depositors Interest

Latest on The Logical Indian


Statue Of Unity: Tribals Lock Engineer Office In Protest For Jobs And Rehabilitation Facilities


Udupi: Krishna Temple Bans ‘Ede Snana’, The Practice Of Rolling Over Food Offered To Deity


“They Have Turned Village Into Coal Dumping Yard” Jharkhand Villagers Accuse NTPC Of Forcibly Acquiring Land


After Six Years Of Imprisonment In Pakistan, Hamid Ansari Returns To India


Johnson & Johnson Knew About Presence Of Cancerous Asbestos In Their Baby Powder


Cabinet Approves Amendment To Make Aadhaar Optional For Banking, Phone Connections


Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.