Claim Check: Narendra Modi on GDP and inflation under the NDA regime
PremiumModi says under the NDA, India’s economic growth was higher and inflation lower than under the UPA. True or false?
Home / Opinion / Online Views / Claim Check: Narendra Modi on GDP and inflation under the NDA regime
PremiumClaim: India’s gross domestic product (GDP) growth rate has come down from 8.4% during the term of the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) to 4.8% in the Congress-led United Progressive Alliance’s (UPA) regime. The Inflation rate during NDA regime was much lower than that during UPA’s rule.
Who: BJP’s prime ministerial candidate and Gujarat chief minister Narendra Modi
When: On 22 September at the annual national convention of Overseas Friends of BJP in Florida via video conferencing.
Check: He is wrong on growth but right on inflation.
During the six years the NDA was in power, from 1998-99 to 2003-04, the average GDP growth rate was 6% while during the last nine years of UPA regime, from 2004-05 to 2012-13, GDP grew by 7.9%.
Wholesale price index based inflation during the NDA term averaged 4.8% while during the UPA regime till 2012-13, it averaged 6.7%.
Source: CSO, RBI Handbook of Statistics
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