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Goyal Defends India’s 7.8% GDP Growth Against Critics
India said its economy grew by 7.8% between April and June 2026.
This was higher than the estimates made by the Reserve Bank of India and other agencies.
Commerce Minister Piyush Goyal said the number showed the hard work of people across India.
He criticized economists and Opposition leaders who questioned the data.
Former finance secretary Subhash Chandra Garg said the number may look bigger because last year’s GDP was revised downward.
He said growth would have been closer to 2.6% without that revision.
Congress spokesperson Pawan Khera used this argument to criticize the government.
The disagreement is about whether the reported 7.8% figure fully reflects the economy’s performance.
India reported 7.8% GDP growth in the April–June 2026 quarter.
The figure exceeded estimates from the Reserve Bank of India and other agencies.
Commerce Minister Piyush Goyal accused economists and Opposition leaders of undermining India’s economic progress.
Former finance secretary Subhash Chandra Garg said revisions to previous-year GDP figures made the latest growth appear stronger.
Congress spokesperson Pawan Khera cited Garg’s argument that growth would have been about 2.6% without the revision.
- Who
- Commerce Minister Piyush Goyal, former finance secretary Subhash Chandra Garg, Congress spokesperson Pawan Khera, and the Narendra Modi-led government.
- What
- A dispute over India’s reported 7.8% GDP growth and revisions to earlier GDP figures.
- Where
- India.
- When
- The growth was reported for April–June 2026, with the data released on Tuesday.
- Why
- Critics say downward revisions to the previous year’s GDP made the latest growth rate appear stronger, while Goyal defended the official figure.
Critics and Opposition
Government and Supporters
Meaning of the 7.8% figure
Critics and Opposition
Subhash Chandra Garg argued that the figure looks stronger because the previous year’s GDP was revised downward; he said underlying growth may have been about 2.6%.
Government and Supporters
Piyush Goyal defended the official 7.8% figure as a record reflecting the work and effort of India’s population.
GDP data revisions
Critics and Opposition
Pawan Khera said the revision helped make the government’s growth claims appear stronger and criticized the Narendra Modi-led government.
Government and Supporters
Goyal said critics were distorting the truth and that government ministers do not manufacture economic data.
Public portrayal of the economy
Critics and Opposition
The Opposition used the data debate to challenge the government’s presentation of India’s economic performance.
Government and Supporters
Goyal accused Opposition leaders and critics of portraying India as a failing economy and undermining the country.
Key facts
- Reported GDP growth
- 7.8% in the April–June 2026 quarter.
- Comparison with estimates
- The figure exceeded estimates from the Reserve Bank of India and other agencies.
- Alternative growth estimate
- Subhash Chandra Garg said growth would have been about 2.6% without the downward revision to last year’s GDP.
- GDP revision cited
- Garg said current-price GDP for the previous year was revised from ₹86 trillion to ₹80 trillion.
- Government response
- Piyush Goyal said ministers do not manufacture economic data and defended the 7.8% figure.
- Political reaction
- Pawan Khera and the Opposition criticized the government over the GDP revision.
Quotes
Subhash Chandra Garg
Former finance secretary who questioned the reported growth figure
“Record growth of 7.8% is something that no other country has been able to replicate. This is the capability, hard work, and joint effort of 140 crore people in the country. Due to this, India has emerged as a globally trusted partner. PM Modi has led the country with farsightedness.”
wionews.com
“The current-price GDP last year was ₹86 trillion. This has been revised down to ₹80 trillion... If you had not revised last year's GDP, the growth in current prices would have been only 2.6%”
wionews.com
Sources
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