Government lowers GDP growth for majority of 10 years of UPA regime

Government lowers GDP growth for majority of 10 years of UPA regime

The union government on Wednesday lowered the GDP growth rates for majority of periods of the previous 10 years under the UPA (United Progressive Alliance) regime. The recalibration in the GDP growth rates has been done using new back series data to represent a more appropriate picture of the Indian economy during the UPA regime, government said. According to the latest data released by the CSO, the economy in the financial year 2010-2011 grew by 8.5 per cent and not 10.3 per cent as was estimated earlier. “Back series released today by CSO has been checked for its methodological soundness by leading statistical experts in the country.’ Niti Aayog tweeted. 

Read More at Times Now News date : 28 Nov 2018, Wednesday

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