Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
SPONSORED BY
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

Niti Aayog Member Defends Scaling Down UPA-era Growth, Says No Reason to Politicise Move

The official GDP data released last week had showed that during the four years of present NDA rule the economy grew higher than the previous 10 years of the previous UPA rule, under which, the previously released data showed that the economy grew at the fastest since 1991.

PTI

Updated:December 3, 2018, 9:54 PM IST
facebookTwittergoogleskypewhatsapp
Niti Aayog Member Defends Scaling Down UPA-era Growth, Says No Reason to Politicise Move
File photo of NITI Aayog
Loading...
Indore: A Niti Aayog member on Monday defended the government on scaling down the UPA era growth numbers within four months of raising it, saying they simply analysed and rationalised the data received from the CSO and that there was no reason for politicising it.

The official GDP data released last week had showed that during the four years of present NDA rule the economy grew higher than the previous 10 years of the previous UPA rule, under which, the previously released data showed that the economy grew at the fastest since 1991 peaking at 10.3 per cent in FY11. The only time the GDP grew higher was in FY89 when it grew a shade higher when the late Rajiv Gandhi was the prime minister.

Between FY06 and FY15, the GDP averaged at 6.7 per cent down from 8.1 per cent by the CSO earlier as per the FY12 base prices against the four year of the Modi regime when it clipped past the highest growth period is massively down to 8.5 per cent from 10.3 per cent as previously estimated.

"We have analysed the Central Statistical Organisation (CSO) data to find out from where GDP scale can be started. These figures were just rationalised," Niti Aayog member VK Saraswat told reporters here.

He also claimed that the objective behind rationalising the figures was not to tell that the UPA government did not perform well or to claim that the present government is performing better when it comes to growth. "As an expert body, it is the job of Niti Aayog to give our opinion on something presented to us. That is why we have come ahead on GDP issue," he said.

"I joined Niti Aayog in 2015 and the move to rationalise GDP figures started at that point only. But now when this work is over, some people are trying to give it a political colour," he said.

He further said according to his personal opinion, GDP growth will touch double-digits figure only by 2030. But to achieve that, productivity has to increase in manufacturing and improve the overall quality of goods to be exported. Saraswat was here to be the chief guest at laser symposium organised by the Raja Ramanna Centre for Advanced Technology, which is being attended by a large number of scientists.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 
Most Active
Company Price Change %Gain
Reliance 1,345.35 -2.93
HDFC Bank 2,268.70 -1.09
Jet Airways 154.70 -6.16
Yes Bank 238.35 -6.82
Indiabulls Hsg 733.95 -8.32
Company Price Change %Gain
Marico 364.25 -0.08
SpiceJet 125.15 -8.15
Jet Airways 154.60 -5.67
Yes Bank 238.40 -6.62
Larsen 1,358.85 -0.14
Top Gainers
Company Price Change %Gain
Wipro 288.25 1.21
Bharti Airtel 349.40 0.71
Tech Mahindra 805.35 0.62
Infosys 721.05 0.56
TCS 2,161.45 0.53
Company Price Change %Gain
Bharti Airtel 349.85 0.89
TCS 2,164.35 0.88
Infosys 720.60 0.59
NTPC 135.75 0.26
Power Grid Corp 194.60 0.21
Top Losers
Company Price Change %Gain
Indiabulls Hsg 733.95 -8.32
Yes Bank 238.35 -6.82
BPCL 340.10 -6.28
IndusInd Bank 1,691.00 -4.15
IOC 149.75 -4.07
Company Price Change %Gain
Yes Bank 238.40 -6.62
IndusInd Bank 1,691.45 -4.11
Reliance 1,344.80 -2.76
ICICI Bank 394.60 -2.54
HDFC 1,955.05 -2.44

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results