Narendra Modi's government changes the GDP figures by creating pressure, all are fake: Subramanian Swamy

 24 Dec 2017 ( IBTN News Bureau )
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In India, BJP leader and Rajya Sabha member Subramanian Swamy does not miss to open the front against his own party. He once again attacked the Narendra Modi government. Subramanian Swamy has made sensational allegations against the Center's Modi government.

Subramanian Swamy said that the government had pressurized the central Statistical Organization (CSO) officials to give better financial data, to show that notes ban has not adversely affected the economy and GDP. They have described these figures as fake. This allegation of Subramanian Swamy can lead to the difficulties of the Modi government.

Subramanian Swamy, while addressing a conference of Chartered Accountants in Ahmedabad on Saturday, accused the Central Government of pressurizing to give good data on CSO officials.

He said, "Please do not go to the GDP quarterly data, they are all fake. This is what I am telling you, because my father had established the CSO. Recently I went there with Union Minister Sadanand Gowda (Statistics Minister). He ordered the CSO officials, because there was pressure to issue figures on the notes ban. That is why he is releasing such statistics of GDP, to know that there was no effect of the notes ban. I am feeling nervous, because I know it has an effect. I had asked the CSO director how did you estimate GDP data in that quarter when the decision of the notes ban was taken (November 2016)? "

As Subramanian Swamy, the CSO director told what he can do? He was under pressure. They were asked for data and they gave it. Swamy said that do not trust quarterly figures like this.

This statement of Subramanian Swamy has come at a time when Finance Minister Arun Jaitley has dismissed the fears regarding the notes ban and GST's adverse effects. He also cited the economic growth rate of 6.3 percent in September 2017. It was 5.7 in June.

Subramanian Swamy told the Chartered Accountant that they should not believe Moody's, Fitch like. You can get the figures by giving them money. It is known that Moody's recently upgraded India's rating.

 

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