Former Finance Secretary Subhash Chandra Garg, who rejected the 7.8% GDP growth rate given by the government and claimed that it was 2.6%, has now given a new estimate of the GDP growth rate.
Speaking journalist and former Aam Aadmi Party (AAP) leader Ashutosh Garg contradicted his earlier GDP growth rate estimate and claimed that India’s GDP rate is “definitely around 5%”. “The country has some growth and some negative factors. Overall, I feel, as I said earlier, that growth of around 5% is definitely expected. Any growth beyond that is being talked about is doubtful,” Garg said.
Listen to this fraud Subhash Garg who sits with congressi dalaal @ashutosh83B and claims that country is definitely growing at 5%, but 7.8% is unlikely.
— Viktor (@desishitposterr) September 2, 2026
By what metric did he arrive at 5% after claiming that Gross GDP is 2.6% and Net is 0%?
His analysis is based on “feels” pic.twitter.com/27D9vVllNP
Garg refused to credit the government’s economic policies for the GDP growth and claimed that in a country like India with a large population, economic growth is a natural outcome of people’s growth-driven approach and their hard work. “Look, India’s economy is very large. Although China, the United States, and others have even larger economies than ours, it’s about a four-trillion-dollar economy. And we have tens of millions of people. We have eight to nine crore businesses. Big businesses too. In such a large economy, so many people are engaged. Everyone has to earn a living. Everyone has to earn an income. Many people also want to become richer. So, in such a situation, growth in the economy is inevitable. Growth should happen. Right?” Garg claimed.
The former Finance Secretary described India’s economic growth as a mixed picture and said, “So, many things are going well. Investment is being made in many things. Many things, but similarly, there are many things that are drags, which cause drags on the economy. This is reflected in our economy and yours…The country has some growth and some negative factors.”
Earlier, Garg’s misleading claim that India’s GDP growth rate was 2.6% and not the official 7.8% given by the government had gone viral. The opposition used his statement to attack the government and reject the country’s economic growth. Turned out that Garg had calculated the growth rate by comparing the new GDP series with the old series. This rendered the 2.6% growth rate given by him invalid.
