RSS Report says GDP rate in UPA government was higher

Last updated Aug 18, 2018

NP NEWS NETWORK
Delhi

The economic growth rate of India rose rapidly between the years 2004-05 and 2013-14 during UPA government tenure. Even if compared to the initial four year tenure of Prime Minister Narendra Modi-led NDA government, it seems more. This report has been received by a committee which recommended methods for strengthening India’s Data Collection System.

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According to this report, the average economic growth rate of UPA’s first term (2004-05 to 2008-09) was 8.87%, which fell to 7.39% in the second term of the UPA (2009-10 to 2013-14). Conversely, if the NDA government’s economic growth rate during the four years of 2014-15 (2014-15 to 2017-18) is 7.35%, which is less than the beginning of UPA four years of rule.

This figure has come out in a report from the Committee on Real Sector Statistics (RSS). It was recently released against the National Statistics Commission. According to its figures, India’s growth rate has reached to two figures, and that year was 2006-07 when the economic growth rate was 10.08 percent. However, in 2008-09 it dropped to 7.16%. One reason for this is the global economic crisis in 2008, which affected the global market and economies.

According to the report, the economic growth rate in the last two years i.e. 2012-13 and 2013-14 declined to 5.42% and 6.5% in the UPA government. After the report, Congress wrote on Twitter: “The figures based on GDP’s year-to-year basis have finally arrived. It proves that during the UPA regime (average 8.1% in 10 years), the growth rate of Modi Government was more than the average rate of tenure (7.3%). ‘

The party said, “The growth rate of the UPA government came in two figures, which is the only example in the history of modern India.” After Independence, the highest growth rate of 10.2 percent was in 1988-89.

At that time, the Prime Minister was Rajiv Gandhi. It is to be noted that the Committee of Real Sector Statistics, compiled by the National Statistical Commission, prepared GDP statistics on the basis of the year 2004-05.