Rediff.com
Print this article

Modi's claim of 8.4% growth during NDA regime false: Chidambaram

September 23, 2013 13:08 IST
A trader sleeps on sacks of onions at a wholesale market in Ahmedabad.

Finance Minister P Chidambaram on Monday charged Gujarat Chief Minister Narendra Modi with staging a ‘fake encounter with facts’ regarding his claims of economic growth during Bharatiya Janata Party-led National Democratic Alliance being 8.4 per cent and said nothing can be further from truth.

"The average for the six year period (under Atal Bihari Vajpayee government from 1998-99 to 2003-04) was 6.0 per cent and the average for the last five years (1999-2000 to 2003-04) was 5.9 per cent," he said in a statement in New Delhi.

Click NEXT to read further. . .

Modi's claim of 8.4% growth during NDA regime false: Chidambaram

September 23, 2013 13:08 IST
Gujarat's Chief Minister Narendra Modi.

In contrast, the average growth rate during Congress-led United Progressive Alliance's first term was 8.4 per cent and 7.3 per cent during the first four years of UPA-II, he said.

"The two worst years since the turn of the century were 2000-01 (4.3 per cent) and 2002-03 (4 per cent)," he said giving out yearly GDP growth rate during the six years of NDA rule under Vajpayee.

Click NEXT to read further. . .

Modi's claim of 8.4% growth during NDA regime false: Chidambaram

September 23, 2013 13:08 IST
P Chidambaram poses next to the bronze statue of a bull outside the Bombay Stock Exchange.

Chidambaram's statement was in response to Modi's reported claim of economic growth rate during Vajpayee government being 8.4 per cent.

"Nothing can be further from the truth. . . I wonder why Shri Narendra Modi should stage a fake encounter with facts. Ultimately, facts will prevail," the Finance Minister said.

"If there was a golden period of growth, it was the five year period under UPA-1," he added.

© Copyright 2021 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.