Congress spreads misinformation to belittle India’s achievement of becoming sixth largest Economy

India has surged past France to become the world’s sixth largest economy based on World Bank’s nominal GDP data for 2017. India’s nominal GDP in 2017 stood at USD 2.597 trillion as compared to France’s USD 2.582 trillion. This achievement comes at a time when the Modi government is under a constant attack from the opposition and certain sections of the media for allegedly mismanaging the economy.

Congress President Rahul Gandhi claimed that Modi has given our economy ‘a stroke’. Former Finance Minister P Chidambaram said that under Modi government, Indian economy is like “a vehicle with 3 punctured tires”. Former Prime Minister Manmohan Singh claimed that Modi has “systematically dismantled” the economy. Anti-Modi propaganda newspaper New York Times also painted a grim picture of ‘worsening’ Indian economy.

While economic indicators never supported any of these claims, the propaganda did not stop. The Congress ecosystem is now spreading misinformation about India’s latest GDP achievement. They are using India’s GDP ranking based on Purchasing Power Parity (PPP) to claim that the ranking has actually worsened during Modi government. Below are some examples of this misleading claim.

- Advertisement - - Article resumes -

Congress spokesperson Brijesh Kalappa peddled the same theory.

Maharashtra Congress General Secretary and social media coordinator Abhijit Sapkal followed suit.

Congress Digital Communications team member Gaurav Pandhi too chimed in.

And if party functionaries weren’t enough, a journalist working for PTI, too, furthered the same narrative.

These Congressmen (and journalists) have mixed two completely different indicators to claim that Indian economy fared better under the UPA government. The recent World Bank ranking, which ranked India at the sixth position, is based on nominal GDP. Nominal GDP measures the actual value of final goods and services produced in a country. The GDP growth estimates are given by the government, RBI and international agencies are all based on nominal GDP. The following infographic shows India’s ranking over the years based on nominal GDP.

Nominal GDP Rankings (Source - World Bank Data)
Nominal GDP Rankings (Source – World Bank Data)

This clearly shows that during the last four years of UPA government, India’s GDP ranking worsened from Rank 9 to Rank 10, while in the first four years of Modi government, it improved from Rank 10 to Rank 6. So what’s the number 3 ranking as claimed by Congressmen? It is based on Purchasing Power Parity (PPP), which is a measure of the domestic purchasing power of the currencies of different nations. Which is NOT based on the market value of INR or USD. In short, GDP at PPP can NOT be compared to nominal GDP. India’s rank based on GDP at PPP was #4 from 2003 to 2008. It improved to #3 in 2009 and has been constant since then (source – World Bank Data).

So as things stand now, according to the PPP model, India’s rank has remained stagnant at Number 3 since 2009.

According to Nominal GDP method, India’s rank improved 10 to 6 from 2014 to 2017.

While Congress will continue to misrepresent facts for political gains, the truth is that India is marching ahead and is poised to overtake the UK to become the world’s fifth largest economy in 2018.


Share This Post and Support:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Most read articles recently

Rahul Gandhi’s lucrative and seemingly clandestine means of income and his links to scam accused FTIL, Unitech

How does Rahul Gandhi earn to buy land and other properties? A mystery we try to unravel

Nitin Gadkari at the receiving end: Is there a pattern?

Indian Express has a massive interview of Union Minister Nitin Gadkari in its March 23, 2019 edition.
AM Sheikh Dawood promised of offering 10 litres of free liquor monthly to the families in his constituency on his victory

Independent candidate from Tamil Nadu promises 10 litres of free liquor every month on winning elections

An independent candidate from Tamil Nadu has come up with a strange promise of offering 10 litres of free liquor every month to every family in his constituency

Shunned by the BJP, jilted Shatrughan Sinha goes on a rampage against the party, rumoured to join Congress

Shatrughan Sinha was visibly irked and had a Twitter meltdown after the BJP declared Ravi Shankar Prasad's candidature from Patna Sahib constituency
Rahul Gandhi

Staring at an imminent defeat in Amethi, Congress on the scout to secure a safe seat for Rahul Gandhi

The Congress units of southern states have been feverishly imploring Rahul Gandhi to fight from any constituencies in southern states, apart from Amethi in Uttar Pradesh .
Prakash Raj was welcomed with pro-Modi slogans in Bengaluru

Actor-turned-politician Prakash Raj greeted with pro-Modi slogans as he went to file his nomination

Prakash Raj seemed visibly miffed with a large number of Modi supporters welcoming him with pro-Modi slogans in Bengaluru
'Rahul Gandhi is running away from Amethi, not me': Smriti Irani on rumours BJP might field her from Wayanad

‘Rahul Gandhi is running away from Amethi, not me’: Smriti Irani on rumours BJP might field her from Wayanad

Smriti Irani rubbishes rumours that have surfaced about BJP thinking about fielding Smriti Irani from the Wayanad constituency too, to counter Rahul Gandhi. 
Sapna Chaudhary denies rumours of her joining Congress

Embarrassment for Congress: Sapna Chowdhury says she never joined Congress, picture with Priyanka Gandhi old

Denying rumours, Sapna Chaudhary said that the photos in circulation on Internet were old

How Caravan and Congress’ attempts to create ‘bribegate’ before 2019 election fell flat

The 'bribegate' that Congress and The Caravan tried to cried falls flat on its face on several counts. 

AAP propagandist tweets false claim about Adani Group, deletes due to fear of defamation

Earlier Delhi's Education Minister Manish Sisodia had also tweeted false claim about Adani Group

Latest articles

Connect with us

148,830FansLike
120,515FollowersFollow
31,386SubscribersSubscribe

Don't miss these


Share This Post and Support: