Is India's GDP Growth Rate 0% or 7.8% Right Now? Congress Party Asks Govt to Solve the Puzzle
New Delhi: The Modi government kept revising the figures against which India’s GDP is calculated until it got to the current “chest-thumping” growth rate, the Congress party said on Thursday (September 3).
If the government had not made these revisions – four times in the last year’s GDP figure – and if it had accounted for inflation properly, then “real GDP growth is basically zero – nowhere near 7.8%”, said Congress MP and the party’s general secretary in charge of communications Jairam Ramesh in a detailed statement on X.
The party was responding to the latest GDP growth estimate for the April-June period released by the Union Ministry of Statistics and Programme Implementation’s (MoSPI). The estimate says the GDP growth rate in the first quarter of 2026-27 was 7.8%.
But Ramesh pointed out that the denominator against which total economic activity is divided to arrive at the GDP was revised four times. With each revision, that number – the 2025-26 first-quarter GDP figure – kept falling.
Last year’s number ultimately fell by just over Rs 6 lakh crore – more than thrice the annual Union Budget allocation for........
