NSC seeks comment on GDP back series

Team Udayavani, Aug 24, 2018, 5:36 PM IST

New Delhi: The National Statistical Commission (NSC) has sought public comments on a panel report which showed that the economy grew at the fastest pace under the Congress rule, amid a political row over the growth numbers. The report of the panel, constituted by the NSC, was made public last week.

‘Unofficial document’

The government has maintained that the GDP Back Series Report 2011 was an unofficial document that has not been accepted by it. The Centre had also said the report was only at discussion stage and its acceptance will be based on wider consultations.

The Ministry of Statistics and Programme Implementation (MOSPI) posted the report on its website under the section that calls for comments on draft reports. “The NSC welcomes comments and suggestions on the reports by September 30, 2018,” the commission said.

Earlier, the report was posted on the website’s publication section, which the Opposition Congress cited as vindication of its economic policies.

The NSC said the draft report has been placed in the public domain to facilitate wider public consultation and invited suggestions on that by September 30, 2018.

According to the draft report, the Indian economy recorded 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.

The back series data on GDP report was prepared by the Committee on Real Sector Statistics. The report compares growth rates between old series (2004-05) and new series based on 2011-12 prices. “The GDP backseries data is finally out. It proves that like-for-like, the economy under both UPA terms (10 year avg: 8.1%) outperformed the Modi Govt (Avg 7.3%),” the Congress party said in a tweet.