Latest GDP numbers have exposed ‘lies’ of NDA government: Congress

Senior Congress spokesperson Anand Sharma said the Congress party would reiterate its demand for a white paper on state of Indian economy.

By: PTI | New Delhi | Published:June 1, 2017 9:04 pm
nda government, congress, india news, indian express news Congress leader Anand Sharma said PM and finance ministry created “false perception” on Indian economy whereas growth is flat. (Representational Image)

The Congress on Thursday said the latest GDP numbers have exposed the “lies” of the BJP-led NDA government which now needs to answer as to why the Indian economy is facing a “serious slowdown”. Senior Congress spokesperson Anand Sharma also dared the government to come out with a white paper on the state of the Indian economy and the GDP numbers under the old and new methodology for the last 10 years which he claimed will “expose” the government’s “false claims”. “The latest numbers on the economy expose the lies of the BJP government. First unemployment rises, now GDP growth falls,” he said.

Sharma said the fall in GDP numbers have confirmed the worst fears that despite the tall claims made by this government the Indian economy is going down and GDP growth is flat.

“There is a visible slowdown as all the key parameters of the economy have moved to the negative,” he said, adding that the national investment rate has come down by 7 points and the manufacturing index is in the negative.

The credit offtake is the lowest in the last 63 years, he said, adding that there is underutilisation of installed capacity in the manufacturing sector.

The Congress leader said the prime minister and the finance minister have created a “false perception” that the country’s economy is growing whereas the growth is flat.

“It is only the false perception created by the new series and the new methodology. The truth will be out that the economy is facing a serious slowdown. This government has much to answer.

“We would like to advise them to stop making false claims to befool the people of the country any longer and should instead focus on the economy. It is nor surging but a shrinking economy,” he said.

Sharma said the Congress party would reiterate its demand for a white paper on the state of the Indian economy. The government must release the GDP numbers for the last 10 years as per the old series and the new series, he said.

“Then the truth will be out that the Indian economy registered its highest growth during the UPA regime and since this government has assumed office the growth has nosedived,” he claimed.

“The earlier figures will show that for six years we were growing at double digit,” he said, adding that one has to deduct 2 per cent from the GDP number to know the real growth as this government for the last three years adopted a new series and methodology to calculate GDP.

Sharma said jobs are not being created and are being lost instead and this government has much to answer and that is why the Congress party’s demand for a white paper and the 10 years of GDP numbers under the old and the new methodology which the NDA government adopted from 2014 onwards.

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  1. A
    Jun 3, 2017 at 12:27 pm
    NOW BJP may BAN chicken to DIVERT attention ............... INDIANS are real du mbo s ....................
    1. S
      S/Major/Hony Lt
      Jun 2, 2017 at 5:36 pm
      Congress is always in search of BJP lies. As per congress PM Modi is biggest lier. For the last 60 years congress has not fooled the people of this innocent country. People voted to BJP & PM Modi for their lies. Come on Congis atleast now accept your defeat and work out a strategy to win the heart of the people. Best luck for 2024.
      1. R
        Raghu Reddy
        Jun 2, 2017 at 11:24 am
        as per opposition If GDP is high then it is not-credible/fake, and if it is low then it is CREDIBLE...Irony died many times
        1. S
          Jun 2, 2017 at 2:20 am
          Can have GDP for cow in India. Wait goushal are opening soon. Lot of jobs will be created. Demonstration is not thing big drama to make middle and lower cl happy. By showing we will catch hold who is earning more than. 80 of nations in India come from middle cl lower class. Nothing came in hand ?
          1. R
            Jun 1, 2017 at 11:06 pm
            No wonder......the existence and every word of bjp and company is lie...the degrees of our own PM anf many ministers are lies..their socalled des bhakti rakthi is lie ..but hats off to this company which made billion india daash (chuuuuu)....
            1. R
              Jun 2, 2017 at 1:58 am
            2. K
              Kshetij Thakker
              Jun 1, 2017 at 10:32 pm
              List / Count the numbers of Lies, Scams, Corrupt practices, breaking and / or subverting every law in the book to create black money, Creating new laws to generate more black money (Onus on Chiddu), even creating atmosphere to divide India by UPA especially Congress. And then pay for those deeds and then if you are a L I V E then see on how many counts India has progressed instead of counting Lies of other government.
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