Govt inflating growth rate with dubious data: Sitaram Yechury

According to party general secretary Sitaram Yechury, the growth rate comes down to 5.2 per cent when calculated on the basis of the older basic points.

By: Express News Service
New Delhi | December 7, 2015 03:06 AM IST

1 min read

Sitaram Yechury

The CPM on Sunday accused the government of “inflating” the growth rate by using “dubious” data and said that changing data-series would just help manage global headlines, not the fundamentals of the economy. According to party general secretary Sitaram Yechury, the growth rate comes down to 5.2 per cent when calculated on the basis of the older basic points.

“We have again heard the PM and the Finance Minister speak about how well the economy is doing and its shining prospects. But nothing will move till public investment is increased in the economy. Changing data-series may help manage global headlines for a while, but won’t help fundamentals,” Yechury said.

This story requires a subscription

Select a plan and use IE10 code to get 10% extra off

POPULAR

EXPRESS EDGE

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹133/month

Best for UPSC aspirants

This story requires a subscription

Please Select A Plan

POPULAR

EXPRESS EDGE

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹133/month

Best for UPSC aspirants

In a Facebook post, Yechury wrote: “On the basis of highly dubious data-series, our GDP growth rate has been inflated. Many commentators and economists continue to point out the deeply flawed statistical basis of such data projections.”