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 per the back series data on GDP based on the report of Committee on Real Sector Statistics, Indian economy clocked a 10.08 per cent growth rate in 2006-07 under the then Prime Minister Manmohan Singh, the highest since liberalisation of the economy in 1991.

Commenting on the back series data, senior Congress leader P Chidambaram had said the UPA governments delivered the best ever decadal growth and lifted 140 million out of poverty.

"Truth has triumphed. The back series calculation of GDP has proved that the best years of economic growth were the UPA years 2004-2014," he said in one of his tweets.

In a statement, the MoSPI said the estimates in the report on the back-casting of GDP series are not "official estimates".

The National Statistical Commission (NSC) too said the methodology for back-casting GDP series is "work in progress" and yet to be finalised.

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Business Standard, 19 August, 2018, https://www.business-standard.com/article/economy-policy/mospi-labels-back-series-gdp-figures-not-official-says-formal-data-later-118081900456_1.html

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