Jaitley defends the new GDP data for the UPA years as facts, the Congress calls the Prime Minister Modi 'Juggler' figures.

New Delhi : Finance Minister Arun Jaitley on Thursday defended new government data on GDP slashing growth rates under the UPA, saying the figures were based on facts and better reflected the state of the economy.

"The Central Statistical Office (CSO) stays away from the Ministry of Finance and has much greater credibility, it should not be discredited, its data is fact based," said Jaitley.

One day after Chief Statistician Pravin Srivastava, Jaitley, Vice President of Niti Aayog, announced: "I do not think any services are rendered by those who discredit this highly credible organization, CSO," announced Jaitley.
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Jaitley also reviewed Congress and said "these data have revised GDP growth over the last two years of UPA government." At that time, the revision had pushed up GDP.
The opposition attacked the central BJP government for this change in GDP. Congress leader Kapil Sibal targeted Prime Minister Narendra Modi and called him a "juggler of numbers".

Congress leader and former finance minister, P Chidambaram, accused Niti Aayog of "doing unqualified work," demanding that the body be dissolved for slashing the growth rate under the regime. of the UPA, allegedly under the aegis of the government Narendra Modi.

In a series of tweets, Chidambaram said the revision of the GDP figures was "worse than a bad joke".

"The revised figures of Niti Aayog's GDP are a joke.They are a bad joke …. In fact, they are worse than a bad joke.The figures are the result of an ax job. Now that Niti Aayog has done the job, it's time to liquidate that body with no value, "he said.The GDP figures reflect a desperate attempt to undermine India's growth. over the past 15 years.

The overall retrospective GDP data released today (Wednesday) testify to the desperate attempt of the defeatist Modi government to undermine India's growth during the last 15 years The Modi government and its puppet Niti Aayog want the people to believe that 2 + 2 = 8, said Congress spokesman Randeep Surjewala

The government lowered the economic growth rate on Wednesday of the country under the previous regime of the UPA, led by Congress, wasted more than a percentage point from the only year in which India posted double-digit GDP growth after liberalization. More than 9% increase.

Recalibrating data from previous years using 2011-12 as the base year instead of 2004-2005, the Central Bureau of Statistics (CSO) estimated that India's GDP increased by 8 , 5% in fiscal year 2010 -11 (April 2010 to March 2011) and not to 10.3%, according to previous estimates.

Similarly, the growth rate of 9.3% recorded in 2005-06 and 2006-07 was reduced to 7.9% and 8.1%, respectively. while the 7.7% rate was now estimated for 2007-08 instead of 9.8%.

Revised growth figures were published before the 2019 general election.