There is nothing wrong with rewriting history as long as it is based on sound evidence. But is it?
The recently released “backcast" of the gross domestic product (GDP) series brought to mind former governor Y.V. Reddy’s much quoted witticism, “The future is always uncertain, but in India even the past is uncertain." The backcast has certainly rewritten history. The average growth rate in the six years of the United Progressive Alliance (UPA) from 2005-06 to 2010-11 has been reduced from 8.8% in the earlier series to 7.2%. The National Democratic Alliance (NDA) government can now claim that their five-year performance—which is likely to be around 7.3%—is better than the UPA’s in its high growth period. It also erases the proposition that was widely accepted earlier, that India has demonstrated the capacity to grow at 8-plus per cent over an extended period.