Don’t do something to artificially boost growth: Congress on ‘data revamp’ reports

By: |
January 19, 2020 6:01 PM

"We have no problem if it is a constructive exercise... Please don't do something where you artificially boost your official 4.9 per cent rate of growth which your own CEA (Arvind Subramanian) believes is 2-2.5 per cent less than stated," he said.

Congress spokesperson Abhishek Singhvi (File image)Congress spokesperson Abhishek Singhvi (File image)

The Congress on Sunday expressed apprehension over the government’s reported bid to revamp official statistics to account for the unorganised sector, saying no attempt should be made to “artificially boost” the rate of growth.

The government has suddenly expressed alarm and a “revamp of official statistics” is being proposed because it believes unorganised sector has not been looked at, Congress spokesperson Abhishek Singhvi said at a press conference.

“We have no problem if it is a constructive exercise… Please don’t do something where you artificially boost your official 4.9 per cent rate of growth which your own CEA (Arvind Subramanian) believes is 2-2.5 per cent less than stated,” he said.

“This government is desperate to find quick-fix solutions, jumla solutions, misleading solutions, to find sleight of hand solutions, to avoid substance, to avoid the real meat of the matter, and give a misleading new issue to digress and divert attention,” Singhvi alleged.

He also hit out at the government over the National Crime Records Bureau data that an average 35 unemployed and 36 self-employed people ended their lives every day in 2018, with the two categories together accounting for 26,085 suicide deaths during the year.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Follow compliance norms to get tax benefits: CBIC chief tells traders
2Jharkhand opts in, all states accept Centre’s borrowing plan for GST shortfall
3Effective IP regime is foundational to achieving India’s goal of USD 1 trn digital economy: Nisha Desai Biswal