Arun Jaitley hits out at Congress over GDP back series data row

Written by November 29, 2018 17:05

New Delhi: Union Finance Minister Arun Jaitley on Thursday called the Central Statistics Office (CSO) a “highly credible organisation”.

This happened just a day after when the Congress alleged that the government was manipulating GDP data.

The Data released by the CSO Wednesday showed that the economy grew an average 6.7 per cent during UPA I (2005-06 to 2008-09) and UPA II (2009-10 to 2013-14), a percentage lower than the earlier estimate of 8.1 per cent and 7 per cent respectively.

The published data, which was calculated based on the new base year of 2011-12, showed that India’s economy grew at a slower pace during the UPA government as compared to the average 7.4 per cent growth rate in the first four years of the present NDA government.

Jaitley commented on CSO

One year has resulted in increased formalisation and greater tax compliance. On this landmark day, I convey my best wishes to people, state governments & officials.

“The CSO is a highly credible organisation. It completely maintains an arm’s length from the Finance Ministry. In fact, we also come to know of the data only when it’s finally released,” Jaitley said. “I don’t think any service is being rendered by those who discredit the highly credible organisation, CSO.”

Jaitley added: “This new series is globally more comparable, takes into account a far greater representation of the Indian economy and is more reflective of the state of the Indian economy.”

Chidambaram on Niti Aayog’s revised GDP numbers

Congress, P Chidambaram
P Chidambaram

Former finance minister and senior Congress leader P Chidambaram, meanwhile, had tweeted Wednesday evening: “Niti Aayog’s revised GDP numbers are a joke. They are a bad joke.”

“Actually they are worse than a bad joke. The numbers are the result of a hatchet job,” he added.