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‘India never hit 9% phase under UPA’

Govt. claims in back series GDP data

India never hit the 9% ‘high-growth’ phase in the years of UPA I and II as was earlier believed, according to new back series GDP data released by the government on Wednesday.

The data also show that India’s recovery from the global financial crisis took longer than previously thought.

The government in 2015 changed the methodology to Gross Value Added (GVA) from the earlier GDP and brought forward the base year for computation to 2011-12 from 2004-05. The back series release on Wednesday provides the growth estimates for previous years using the new methodology.

The new data release shows that GDP growth during the UPA years averaged 6.7% during both UPA-I and UPA-II.

The old series had pegged these at about 8.1% and 7.46% respectively. In comparison, the current government has witnessed an average GDP growth rate of 7.35% during the first four years of its term.

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