Skip to main content

India's GDP grew at higher pace under Manmohan Singh than Modi, Vajpayee: Report

By Jag Jivan    
A recently-released Report of the Committee on Real Sector Statistics, published by the Ministry of Statistics and Programme Implementation, Government busted the myth that the rate of economic growth under Prime Minister Narendra Modi has been higher than the earlier two terms of the UPA government headed by Manmohan Singh.
The report has made available Gross Value Product (GDP) data 1993-94 onwards, calculated on the basis of the new series, implemented in January 2015, which show, according to expert calculations, that India's GDP annually grew on an average at 8.34% and 7.67% under Singh's two terms as Prime Minister, in 2004-05 to 2008-09 and 2009-10 to 2013-14, respectively.
The calculations further show that under the two phases when the BJP-led governments -- under AB Vajpayee and Modi -- the average growth rate was 5.73% per annum (1998-99 to 2003-04) and 7.34% (2014-15 to 2017-18).
Average annual growth rate
The new series calculated GDP at 2011-12 prices, and till the publication of this report, there was no way one could make reasonable comparisons between different phases of government rule. "Given this, economic growth (as measured by GDP growth) could only be measured from 2012-2013 onwards", says Vivek Kaul in an email alert of his diary published by the Equitymaster Agora Research.
"In simple terms, there was no data available which would allow us to calculate GDP growth for the pre-2012-2013 period. If I were to put it slightly more dramatically, suddenly India had no economic history, at least in data terms", he adds.

Comments

Post a Comment

NOTE: Hateful, abusive comments won't be published. -- Editor

TRENDING

A fearless spirit lost: Rebecca Thomson dies at 17-hour Catalina Swim Mark

By Harsh Thakor  On July 26, 2026, Rebecca “Becky” Thomson suffered cardiac arrest while attempting the Catalina Channel Swim — a marathon open water crossing from Catalina Island to the California mainland. After swimming for 17 hours, Thomson collapsed in the water. Despite the painstaking efforts of emergency responders and the medical staff at Harbor-UCLA Medical Center, she succumbed to a devastating hypoxic brain injury and died Friday evening.
Post a Comment
»

Women's groups, feminists hail wrestlers' courage, vow to continue fight after Brij Bhushan acquittal

By A Representative   In a powerful show of solidarity, more than 250 prominent feminists and members of women's organisations across India have condemned the acquittal of former BJP MP and ex-Wrestling Federation of India (WFI) president Brij Bhushan Sharan Singh in the high-profile sexual harassment case filed by six women wrestlers. The signatories have expressed unwavering support for the wrestlers who have waged a courageous legal battle for justice against formidable odds.
Post a Comment
»

An open letter to PM: Before you forgive, ask for forgiveness

By Martin Macwan*  Respected Prime Minister,  The first step toward true forgiveness is asking for it, and it is out of respect for the Constitution that the title "Honourable" is used for the office of the Prime Minister. Every abuse is "dirty" because almost all abuse is uttered with the conscious intention of publicly humiliating a woman, much like the disrobing of Draupadi in the royal court. This includes remarks like "Jersey Cow," used at public meetings on the Gujarati land of Gandhi and Sardar; comparing a female MP's laughter in India's Parliament to "Surpanakha's laugh"; and using a vulgar address like "Didi O Didi" for a Chief Minister who holds a respected position in a democracy—along with every other such remark. In the 79-year history of independent India, you are better placed than anyone to say which Prime Minister has used such language against women.
3 comments
»