Operation successful, but patient dead: Cong fumes as Modi govt lowers growth rate under UPA


New Delhi, Nov 29(PTI): The Congress on Wednesday accused the Modi government of "manipulating" GDP data of previous years and said it reflects a desperate attempt to undermine India's growth story over the last 15 years.

Congress chief spokesperson Randeep Surjewala termed the step a "classic" case where "the operation is successful but the patient is dead".

"The entire GDP back series data released today reflects the desperate attempt of a defeatist Modi Government to undermine India's growth story over last 15 years. 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'," he said in a statement.

There was no immediate reaction from the BJP on the Congress's claims and allegations.

The Congress leader said the economic mismanagement under the Modi government has led to economic anarchy and jugglery of GDP figures.

"Manipulated 'back series data' will not change Modi government's 'exit date'. (Prime Minister Narendra) Modiji's new definition of GDP is 'Gimmickry Data Product'," he said.

Surjewala alleged a failed "Modinomics plus a Pakoda economic vision" has put India's economy in complete turmoil, and the prime minister and his finance minister have caused economic "mayhem" by the "ill-conceived" decisions of demonetisation, a "flawed" GST coupled with "tax terrorism".

"Faced with utter and complete rejection of the 'voodoo economics' of the Modi-Jaitley duo, they are resorting to malicious and fraudulent jugglery of GDP figures to hide the enormous body blow caused by them to India's economy," he said.

Surjewala alleged that since the advent of the NDA government in May 2014, there has been a determined effort to run down the record of the two UPA governments under Manmohan Singh during 2004-2009 and 2009-2014.

A lot of confusion was sown, and the Modi government added to the confusion by changing the base year from 2004-05 to 2011-12, he said.

The Congress leader said his party has repeatedly pointed out that when the base year was changed, the government should follow the healthy international practice and revise the numbers for the previous years.

"We had demanded that the back series data of GVA and GDP should be calculated and released so that meaningful comparisons can be made," he said, adding that the back series data as released by National Statistical Commission (NSC) in August 2018 is available in public domain and numbers prove that the truth cannot be suppressed.

The opposition leader claimed that UPA-1 and UPA-2 delivered the highest decadal growth of 8.13 per cent at factor cost since Independence and during this period 140 million people were lifted out of poverty.

When the UPA demitted office, economic growth had recovered to 6.39 per cent at market prices in 2013-14. Besides, the fiscal deficit had been reduced to 4.48 per cent and the current account deficit contained at 1.7 per cent, he claimed.

"The revised 'New Series' computed today by the Ministry of Statistics and Niti Aayog has completely undermined the NSC (National Statistical Commission), the autonomous body for deciding data transparently and in accordance with global standards of calculating GDP as per Market Price Linked Methodology.

"Today, the Modi government deceived the country by surreptitiously changing the methodology in order to manipulate GDP data. This is called 'Excel Sheet Management' i.e. deciding the result first and filling the marks later. The new methodology is GVA based, which does not take into account tax+ subsidies and consequently is extremely flawed to sub serve the myopic interests of the Modi government," he said.

Surjewala alleged that under this government, there has been complete stagnation in investment and the Gross Fixed Capital Formation in the last three years has remained constant at 28.5 per cent. "At that level of investment (GFCF), it is not possible to achieve higher growth rates," he said.

The government Wednesday lowered the country's economic growth rate during the previous Congress-led UPA regime, shaving off over one percentage point from the only year when India posted double-digit GDP growth post liberalisation and from each of the three years with 9-plus per cent expansion.

Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office (CSO) estimated that India's GDP grew by 8.5 per cent in the financial year 2010-11 (April 2010 to March 2011) and not at 10.3 per cent as previously estimated.

Similarly, 9.3 per cent growth rate each in 2005-06 and 2006-07 was lowered to 7.9 per cent and 8.1 per cent respectively, while 7.7 per cent rate was now estimated for 2007-08 instead of 9.8 per cent.

The revised growth numbers have been released ahead of the 2019 general elections.

  

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Comment on this article

  • kumara, abu dhabi

    Thu, Nov 29 2018

    it was all crook chidambaram's manipulation!!!!!!!!!!

    DisAgree [1] Agree [1] Reply Report Abuse

  • anthony, Mangalore

    Thu, Nov 29 2018

    As the Modi Govt has nothing to show case as their achievements during their four and half year rule, except for their total all round failures, Modi and the BJP are still behaving like the opposition party and indulging in Reverse Osmosis to run down the opposition due to their flop Status.

    The country is desperately in need of a change. Modi Sarkar Hatao. Desh Ko Bachao.

    DisAgree [1] Agree [2] Reply Report Abuse

  • Mahesh, Mangalore

    Thu, Nov 29 2018

    So now you can expect MMS to make a big statement in the coming days when his madame orders him. During his 10 year rule he was quiet as India was plundered. He was mute as scams over scams surfaced. Subsequently he and his party were booted out . Throughout India his party was trashed to pulp. So its not surprising that for the low growth rate.

    DisAgree [6] Agree [2] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Thu, Nov 29 2018

    .Wise man’s brain works and there could be good utility and favorable results.
    Semi wise is like half-filled utensil. Nothing is impossible but no good results.
    Only a flop show. # 1 in promises and no answers

    DisAgree [1] Agree [4] Reply Report Abuse

  • Jaison, Udupi

    Thu, Nov 29 2018

    Dongi's are very scary thinking that "scamp" growth rate is minimized.

    DisAgree [5] Agree [1] Reply Report Abuse

  • Avil Dev, Mangalore

    Thu, Nov 29 2018

    The KHANgress in the regime did a scam in everything under the sun as the renowned Economist looked the otherway. So how can GDP data be left unscammed?!? ..

    DisAgree [6] Agree Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Thu, Nov 29 2018

    Hinduism, Religion, majority, minority all should be @ personal level.
    We are a secular, democratice Nation and no one can go against the noms of secular consitution. Dictator ship and majority culture cannot be tolerated. Even United Nations can guide if any one has any doubts ?
    People are fed up of BJP way of ruling the counry.

    DisAgree Agree [6] Reply Report Abuse

  • Dinesh poojary, Mangalore

    Thu, Nov 29 2018

    Even if gpd zero also, still we vote for bjp, because modi is true Hindu leader and bjp is patriotic party

    DisAgree [16] Agree [4] Reply Report Abuse

  • Akash Salian, Mangalore

    Thu, Nov 29 2018

    100% blind..

    DisAgree [3] Agree [13] Reply Report Abuse

  • Ravi C, Mangalore

    Thu, Nov 29 2018

    Do you even know what gdp zero means?

    DisAgree [2] Agree [14] Reply Report Abuse

  • Sahil, Mangaluru

    Thu, Nov 29 2018

    Did Rahulji request with you that don't vote for BJP?

    DisAgree Agree [8] Reply Report Abuse

  • Dinesh, Dubai

    Thu, Nov 29 2018

    'Nagpur Economists................'
    Everything is Fake........... Ullu Banayinnnnng ....................!!!

    DisAgree [1] Agree [11] Reply Report Abuse

  • praveen, mangalore

    Thu, Nov 29 2018

    MODI NEVER THINK THAT YOU OR BJP WILL BE IN POWER IN INDIA UNTIL THE END OF THE WORLD. WORST GOVERNANCE WE INDIANS EXPERIENCED.

    DisAgree [1] Agree [8] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Thu, Nov 29 2018

    Just do not vote for BJP.
    And people can bring a change from useless government.
    BJP/Modi & Team surely went overboard.
    Tarik pe tarik
    Joot ke uper joot

    DisAgree [1] Agree [8] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Nov 29 2018

    Modi is Number one FEKU ...

    DisAgree [2] Agree [19] Reply Report Abuse

  • Sahil, Mangaluru

    Thu, Nov 29 2018

    O my god!!!

    DisAgree [1] Agree [6] Reply Report Abuse

  • Sharun, Banglore

    Thu, Nov 29 2018

    Everyone knows who is fake Janeu dhari Brahmin......

    DisAgree [2] Agree [3] Reply Report Abuse

  • Sanjeev Kamath, Udupi

    Thu, Nov 29 2018

    Wah . . . wah . . . what a great oft-parroted re-discovery!

    DisAgree Agree [2] Reply Report Abuse

  • myna, Mysuru

    Thu, Nov 29 2018

    Modi the PM and his government by backdating the growth rate calculation "Is clever by half". Pathetic that they want to rewrite history and facts. Very stupid in their thinking.

    DisAgree Agree [12] Reply Report Abuse

  • sheshadri, Car street-Mangalore

    Thu, Nov 29 2018

    I am a supporter of BJP,anyways due to demonitization and GST bjp is in troubled waters and economy in bjp days is not as good of Manmohan singh.this is reality.

    This is a self goal by Modijis team and now i came to a conclusion that everything what modiji says is not true.now the GDP under bjp rule has not improved more than 7 percent which is very unfortunate but true.
    BJP shall speak the truth and face ppl who have voted them to power in 2014.

    DisAgree Agree [16] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangalore

    Thu, Nov 29 2018

    Statistical jugglery is the only way to Modi to project his performance inflated when the performance of the country is negative is really a disaster in misguiding the country.

    DisAgree Agree [10] Reply Report Abuse

  • Jenifer, Mangalore

    Thu, Nov 29 2018

    Congress ka vote bhi chori kero (EVM manipulation) aur growth bhi chori kero.

    So, did Modi add the lowered growth to his own, by balancing the past years economy ??

    DisAgree Agree [10] Reply Report Abuse

  • Vishal, Mangalore

    Thu, Nov 29 2018

    If this report is true, then without doubt the action of the Modi government is nauseating. It is a very cheap level it has descended to. How can the country believe Modi and his government? I know politics these days is the game played by the chors but even chindi chors have some principles. Modi doesn't have even that? How disgusting!

    DisAgree Agree [12] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Thu, Nov 29 2018

    Pity the CONgress supporters, everything is against them

    DisAgree [14] Agree [1] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Thu, Nov 29 2018

    I am quoting from the sources:

    Comparing the growth rates between the old series (2004-05) and the new series based on 2011-12 prices, the report said a record 10.8% GDP was recorded in 2010-11 under the Manmohan Singh government.

    "Truth has triumphed. The back series calculation of GDP has proved that the best years of economic growth were the UPA years 2004-2014," tweeted P Chidambaram, who was Finance Minister in the Congress regime.

    Later the Government has removed highest growth rate of UPA recorded in Chaaiwaala Government website was removed.

    (SOURCE: NDTV Reported by Nimisha Jaiswal, Edited by Anindita Sanyal | Updated: August 21, 2018 18:00 IST)


    NOW THE ZEALOTS FROM NAGPUR NEWS MAKERS HAVE LOWERED THE GROWTH RATE UNDER UPA.

    WHAT A SHAME TO ALL OF US INDIANS.

    ===== COW GOVERNMENT'S CATTLE CLASS GOVERNANCE .=====

    DisAgree Agree [7] Reply Report Abuse

  • David Pais, Mangalore

    Thu, Nov 29 2018

    petrol & diesel prices should have been below rs.30/ = p/l compared 2 lowest crude oil prices in 2day's int'l market @$51/= p/b (1 barrel = 200 litrs.) upa sold petrol & diesel @ rs. 70/= p/l when the prices in int'l market was $140/= p/b y

    DisAgree [1] Agree [8] Reply Report Abuse

  • El En Tea, Mumbai

    Thu, Nov 29 2018

    Manipulating is main Hidden Manthra of BJP
    Manipulating GDP data
    Manipulating EVM
    Manipulating Voters List
    Manipulating if Economy

    DisAgree Agree [13] Reply Report Abuse

  • Shankar, Banglore

    Thu, Nov 29 2018

    I am wondering why no one talks about petrol prices now..!!!

    DisAgree [8] Agree [16] Reply Report Abuse

  • Sms, Kundapura

    Thu, Nov 29 2018

    By the way how much is petrol price now? Where international market crude oil price is rock bottom. Did modi lower the price accordingly?

    DisAgree Agree [11] Reply Report Abuse

  • cyril mathias, udupi

    Thu, Nov 29 2018

    Crude oil prices are low, petrol can still be cheaper.Govt looting Indian poor

    DisAgree [2] Agree [16] Reply Report Abuse

  • Shankar, Banglore

    Thu, Nov 29 2018

    No one blamed Modi?!! ha ha ha.,.. if petrol prices are reduced, its because of international crude oil prices. And if it increases, its bcoz of Modi..!!!!

    DisAgree [4] Agree [1] Reply Report Abuse

  • David Pais, Mangalore

    Thu, Nov 29 2018

    petrol & diesel prices should b rs. 30/= p/l. chaiwala is imposing taxes for statues & 4 his site seeing tours. admit blind bhakta shankar. no bla, bla, bla...

    DisAgree Agree [1] Report Abuse

  • Jack, Mangalore

    Thu, Nov 29 2018

    Mr, dont take the credit for crude oil fall.
    No one blamed Modi when crude oil went up but what the question and blame was why he cannot manage the petrol price below 70 like MMS when the crude oil was 110 dollars for a barrel .

    All questioned Modi cause when MMS could keep the price within 70Rs the same cannot be done by NDA even when crude oil was within 100 dollars .

    The answer is simple. MMS managed cause economy was strong then while now fekunomics is strong..!!

    DisAgree [2] Agree [11] Reply Report Abuse

  • geoffrey, hat hill

    Thu, Nov 29 2018

    No use talking, for so long as crony capitalism prevails, common man will never get the TRUE benefit of reduced global prices, whereas when there's a slight upward swing, this government uses that excuse to fill up it's coffers and make 'friends' richer.

    DisAgree Agree [7] Reply Report Abuse

  • N.M, Mangalore

    Thu, Nov 29 2018

    Modinomics plus a Pakoda economic vision has put India's economy in complete turmoil, and the prime minister and his finance minister have caused economic "mayhem" by the "ill-conceived" decisions of demonetisation, a "flawed" GST.

    DisAgree [6] Agree [16] Reply Report Abuse


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Title: Operation successful, but patient dead: Cong fumes as Modi govt lowers growth rate under UPA



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