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Government Releases GDP back-series data, UPA era growth rates revised downward
New Delhi: The government on Wednesday released the much awaited back-series estimates for India’s GDP which showed a lower rate of growth during the UPA years between 2005-06 and 2011-12 than what was estimated using the earlier methodology.
As per the data released by the Central Statistics Office (CSO), the maximum growth rate the economy achieved during the UPA years was 8.5 per cent in 2010-11, significantly lower than the 10.3 per cent estimated earlier. NITI Aayog Vice Chairman Rajiv Kumar said an extensive recalibration exercise using the latest data sources and methodological changes had led to a change in growth rates in the back series. (IANS)
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