August 13, 2026
#Business

Despite ‘fudging’ of data by govt, India’s economy continues to slide

The Congress said on Friday that despite “fudging” of data by the Narendra Modi government, India’s economy continues to slide.Senior party leader and former finance minister P Chidambaram said that the latest quarterly growth rates “puncture” the government’s claims on economy.

“Quarterly growth rates of 2018-19 puncture the claims of government. Q1 was 8 %, Q2 was 7 % and Q3 was 6.6 %. This is the swan song of the BJP government. If Q4 growth rate declines further, as is expected, that will expose the government completely.

He said while the growth rate in the first quarter of 2018-19 was 8 per cent, it declined to 7 per cent in the second and 6.6 per cent in the third quarter and if it declined further, it will expose the government completely.

In signs of the Indian economy losing steam ahead of the general elections, GDP growth slowed to a five-quarter low of 6.6 per cent in October-December on the back of lower farm and manufacturing growth and weaker consumer demand, government data has showed on Thursday.

Despite ‘fudging’ of data by govt, India’s economy continues to slide

GST collection drops to Rs 97,247 cr