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Sharad Pawar Challenges Centre’s 7.8% GDP Growth Claims

Sharad Pawar Challenges Centre’s 7.8% GDP Growth Claims
Sharad Pawar criticises Centre over 7.8 pc GDP growth claims; questions economic reality · thehansindia.com

The government said India’s economy grew by 7.8% during the April–June quarter.

Sharad Pawar said this number does not show the full picture.

He argued that inflation is high and household savings are falling.

Congress and economist Subhash Chandra Garg also questioned how the number was calculated.

The government and Union minister Kiren Rijiju said the growth figure is accurate.

Pawar also talked about high sugar prices and the need to help farmers.

He warned that too little rain in Maharashtra could hurt drinking-water supplies and farming.

He also said Narendra Modi may visit Baramati around October 16.

Key facts

Reported GDP growth
7.8% for the April–June quarter
Main critic
Sharad Pawar, chief of the Nationalist Congress Party (SP)
Government position
MoSPI said its data collection and calculation protocols accurately reflected quarterly economic performance.
Opposition criticism
Congress called the revised GDP calculation approach a “game of numbers,” while Subhash Chandra Garg said it could inflate growth.
Maharashtra rainfall
Pawar warned that severe rainfall deficits could affect drinking water and sowing operations.
Possible Modi visit
Narendra Modi is likely to visit Baramati around October 16, according to Pawar.

Quotes

Sharad Pawar

Nationalist Congress Party (SP) chief and opposition politician

“The Prime Minister and Finance Minister are trying to project that the state of the economy is exceptionally sound, ignoring the core underlying problems. It appears they are failing to register that the economy is actually slowing down.”
thehansindia.com

Sources

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