The Indian National Congress on Tuesday criticised the Union Government's recent quarterly data release as "statistical gymnastics" and accused the government of fixing GDP data by repeatedly changing the methodology. Congress General Secretary Jairam Ramesh claimed that if the Modi government gives honest numbers, the real growth number will be much lower, which the Government’s own former Chief Economic Advisor have admitted previously.In a post on the social media platform X, Congress General Secretary Jairam Ramesh said,“Yesterday’s GDP numbers are simply statistical gymnastics. By changing the methodology repeatedly, the Modi government is fixing GDP data while hiding India’s bleak economic reality.”This comes after the Union Government announced that the country is showing a growth rate of 7.8% for the April-June quarter, which Prime Minister Narendra Modi hailed as “exemplary” and took a dig at the leader of the opposition, Rahul Gandhi: “Doomsayers were doomed and India bloomed...yet again!”&nbsp;Also Read: <a href="https://www.wionews.com/world/saudi-pakistan-turkey-defence-secretariat-mecca-pact-1788197184561">Pakistan to lead secretariat in Riyadh under Saudi-Turkey-Pakistan defence pact</a>Jairam Ramesh pointed out that the difference between the nominal GDP and the real GDP is supposed to represent inflation, which, according to the government, is 2.3 per cent. The government uses a custom "implicit GDP deflator" that suppresses GDP on paper to 2 per cent, even though headline CPI inflation is above 4 per cent and WPI inflation is above 9 per cent. When the government downplays inflation in GDP calculation, the nation's real, volume-based growth appears much faster and healthier than it actually is. Using a deflator has been common practice, but the massive gap raises questions. In these quarterly GDP figures with the new 2022-23 base-year series, the government started to include the double deflation method.&nbsp;“This discrepancy has been manufactured by the Modi Government, which has changed the methodology for calculating the GDP twice this year. In June, just in time for this latest round of GDP estimates, it moved away from the WPI for its calculation,” said Jairam Ramesh. He further added that the Modi government's Make in India has achieved very little, but “the fake in India” continues “unabated”.&nbsp;&nbsp;

Congress General Secretary Jairam Ramesh criticised the government’s 7.8% GDP growth figure, alleging repeated methodology changes are masking India’s economic reality.

The Indian National Congress on Tuesday criticised the Union Government's recent quarterly data release as "statistical gymnastics" and accused the government of fixing GDP data by repeatedly changing the methodology. Congress General Secretary Jairam Ramesh claimed that if the Modi government gives honest numbers, the real growth number will be much lower, which the Government’s own former Chief Economic Advisor have admitted previously. In a post on the social media platform X, Congress General Secretary Jairam Ramesh said,“Yesterday’s GDP numbers are simply statistical gymnastics. By changing the methodology repeatedly, the Modi government is fixing GDP data while hiding India’s bleak economic reality.” This comes after the Union Government announced that the country is showing a growth rate of 7.8% for the April-June quarter, which Prime Minister Narendra Modi hailed as “exemplary” and took a dig at the leader of the opposition, Rahul Gandhi: “Doomsayers were doomed and India bloomed...yet again!” Also Read: Pakistan to lead secretariat in Riyadh under Saudi-Turkey-Pakistan defence pact Jairam Ramesh pointed out that the difference between the nominal GDP and the real GDP is supposed to represent inflation, which, according to the government, is 2.3 per cent. The government uses a custom "implicit GDP deflator" that suppresses GDP on paper to 2 per cent, even though headline CPI inflation is above 4 per cent and WPI inflation is above 9 per cent. When the government downplays inflation in GDP calculation, the nation's real, volume-based growth appears much faster and healthier than it actually is. Using a deflator has been common practice, but the massive gap raises questions. In these quarterly GDP figures with the new 2022-23 base-year series, the government started to include the double deflation method. “This discrepancy has been manufactured by the Modi Government, which has changed the methodology for calculating the GDP twice this year. In June, just in time for this latest round of GDP estimates, it moved away from the WPI for its calculation,” said Jairam Ramesh. He further added that the Modi government's Make in India has achieved very little, but “the fake in India” continues “unabated”.

Congress General Secretary Jairam Ramesh criticised the government’s 7.8% GDP growth figure, alleging repeated methodology changes are masking India’s economic reality.

Congress calls latest GDP data ‘statistical gymnastics’, accuses Modi government of manipulating growth figures

India posted world-beating growth of 8.2 per cent in the year to March on Friday, in a last-minute boost to Prime Minister Narendra Modi's economic credentials the day before national elections conclude.

The world's most populous country also remains its fastest growing major economy thanks to robust demand and huge government infrastructure spending.

That has kept sentiment positive about India's overall economic trajectory despite chronic unemployment and immense welfare outlays to hundreds of millions of poverty-stricken citizens.

Strong growth in the manufacturing and mining sectors contributed to India's annual growth numbers, which beat both government and analyst projections.

Also read:&nbsp;<a data-ctorig="https://www.wionews.com/business-economy/indias-economic-ascent-projected-68-pc-growth-in-fy25-eyes-upper-middle-income-status-by-2031-697492" data-cturl="https://www.google.com/url?client=internal-element-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/business-economy/indias-economic-ascent-projected-68-pc-growth-in-fy25-eyes-upper-middle-income-status-by-2031-697492&amp;sa=U&amp;ved=2ahUKEwiNjbrO-reGAxVZTGcHHdrZAZUQFnoECAAQAg&amp;usg=AOvVaw0y7SWPdyN_-5RI0CqnBaVq&amp;arm=e&amp;fexp=72519171,72519168" dir="ltr" href="https://www.wionews.com/business-economy/indias-economic-ascent-projected-68-pc-growth-in-fy25-eyes-upper-middle-income-status-by-2031-697492" target="_blank">India's&nbsp;Economic&nbsp;Ascent: Projected to grow 6.8 pc in FY25</a>

India's economy also recorded 7.8 per cent growth for the March quarter, higher than the government's projection of 5.9 per cent.

The figures from India's statistics ministry were published a day before the country concludes voting in general elections staged over six weeks.

Analysts widely expect Modi's Hindu nationalist government to win a third term once results are counted on Tuesday.

The 73-year-old premier has pledged to make India the world's third-biggest economy after the United States and China by the end of the decade.

Watch:&nbsp;US Economy grows slower than previously estimated in Q1 - WION

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Modi's ruling Bharatiya Janata Party (BJP) has vowed if re-elected to maintain its focus on infrastructure spending and keep in place popular subsidies including free rations for needy families and cash handouts for farmers.

Its re-election campaign has been aided by a campaign war chest that dwarfs its rivals thanks to donations from some of India's biggest conglomerates.

The BJP received $730 million in five years from leading companies and wealthy businesspeople through electoral bonds, a contentious political donation tool since ruled illegal by India's top court, making it by far the biggest single beneficiary.

But Modi's government has struggled to create enough jobs for the tens of millions of young Indians entering the workforce each year.

The International Labour Organisation has estimated that 29 percent of India's young university graduates were unemployed in 2022.

India emerged from the Covid-19 pandemic to be buffeted by a new set of global headwinds, including price spikes in global oil and food markets as a result of the war in Ukraine.

Inflation has since receded to 4.83 per cent from its peak in 2022 above seven per cent.

Friday's figures put India's economic growth higher than China, Western nations and all other major emerging economies, according to International Monetary Fund (IMF) forecasts from April.

The IMF expects growth to taper slightly to 6.5 percent for the 2024-25 fiscal year, against the Indian central bank's forecast of seven percent.

India posted world-beating growth of 8.2 per cent in the year to March on Friday, in a last-minute boost to Prime Minister Narendra Modi's economic credentials the day before national elections conclude.

India posted world-beating growth of 8.2 per cent in the year to March on Friday, in a last-minute boost to Prime Minister Narendra Modi's economic credentials the day before national elections conclude. The world's most populous country also remains its fastest growing major economy thanks to robust demand and huge government infrastructure spending. That has kept sentiment positive about India's overall economic trajectory despite chronic unemployment and immense welfare outlays to hundreds of millions of poverty-stricken citizens. Strong growth in the manufacturing and mining sectors contributed to India's annual growth numbers, which beat both government and analyst projections. Also read: India's Economic Ascent: Projected to grow 6.8 pc in FY25 India's economy also recorded 7.8 per cent growth for the March quarter, higher than the government's projection of 5.9 per cent. The figures from India's statistics ministry were published a day before the country concludes voting in general elections staged over six weeks. Analysts widely expect Modi's Hindu nationalist government to win a third term once results are counted on Tuesday. The 73-year-old premier has pledged to make India the world's third-biggest economy after the United States and China by the end of the decade. Watch: US Economy grows slower than previously estimated in Q1 - WION × Modi's ruling Bharatiya Janata Party (BJP) has vowed if re-elected to maintain its focus on infrastructure spending and keep in place popular subsidies including free rations for needy families and cash handouts for farmers. Its re-election campaign has been aided by a campaign war chest that dwarfs its rivals thanks to donations from some of India's biggest conglomerates. The BJP received $730 million in five years from leading companies and wealthy businesspeople through electoral bonds, a contentious political donation tool since ruled illegal by India's top court, making it by far the biggest single beneficiary. But Modi's government has struggled to create enough jobs for the tens of millions of young Indians entering the workforce each year. The International Labour Organisation has estimated that 29 percent of India's young university graduates were unemployed in 2022. India emerged from the Covid-19 pandemic to be buffeted by a new set of global headwinds, including price spikes in global oil and food markets as a result of the war in Ukraine. Inflation has since receded to 4.83 per cent from its peak in 2022 above seven per cent. Friday's figures put India's economic growth higher than China, Western nations and all other major emerging economies, according to International Monetary Fund (IMF) forecasts from April. The IMF expects growth to taper slightly to 6.5 percent for the 2024-25 fiscal year, against the Indian central bank's forecast of seven percent.

In major boost to Modinomics, India's economy expands 7.8% in Q4

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Congress calls latest GDP data ‘statistical gymnastics’, accuses Modi government of manipulating growth figures

In major boost to Modinomics, India's economy expands 7.8% in Q4