-Livemint.com The UPA delivered the highest decadal growth (8.13% at factor cost) since India acquired independence and handed over an Indian economy on the upswing in 2014, says former finance minister P. Chidambaram New Delhi: The Congress on Sunday defended the record of the United Progressive Alliance (UPA) on the basis of recently published back series data on gross domestic product (GDP). At a press conference today, former finance minister P. Chidambaram...
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Did Modi just give an A+ to Manmohan on economy?
-The Times of India NEW DELHI: A government-appointed panel has estimated that the economy grew at a double-digit rate (10.1 per cent) in 2006-07, a first in the post-liberalisation era and the second highest ever. The new series uses 2011-12 as the base year for prices, as against 2004-05 in the old series. The panel headed by Sudipto Mundle concluded that the difference is minimal, addressing concerns often raised about the...
More »Back series GDP data not official: Ministry of Statistics -TCA Sharad Raghavan
-The Hindu This exercise will then be considered in the Advisory Committee on National Accounts Statistics and subsequently by the National Statistical Commission. The government on Sunday clarified that the back-series GDP data purportedly released by the government was just a draft using one of several possible calculation methods, and that the Ministry of Statistics and Programme Implementation (MoSPI) would announce the results when it settles on a final method. “It is clarified...
More »MoSPI says back series GDP figures 'not official', formal data later
-PTI As per the back series data on GDP, Indian economy clocked a 10.08 per cent growth rate in 2006-07, the highest since liberalisation of the economy in 1991 New Delhi: Amid ongoing controversy over the back series GDP figures showing better economic performance during the UPA regime, the Ministry of Statistics and Programme Implementation (MoSPI) on Sunday said "these are not official estimates" and the data will be released officially later. As...
More »GDP grew in double digits twice in UPA era -Asit Ranjan Mishra
-Livemint.com The estimates of GDP and other related aggregates for the period 1993-94 to 2013-14 have been calculated by an NSC committee using a so-called production shift method New Delhi: India’s economy grew in double digits twice during the previous United Progressive Alliance government (UPA) under Prime Minister Manmohan Singh, 10.23% in 2007-08 and 10.78% in 2010-11, according to back series calculations by a committee appointed by the National Statistical Commission. However, the...
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