GDP figures post Demonetisation manipulated

BJP leader and Rajya Sabha member Subramanian Swamy on Saturday alleged that senior government officials from the Central Statistical Organisation (CSO) were pressured by the Narendra Modi government to dish out data to show that demonetisation had no adverse impact on the economy and the GDP numbers. Speaking to a gathering of chartered accountants in Ahmedabad on Saturday, he said: “Please do not go by the quarterly (GDP) data; they are all bogus. I am telling you, because my father founded the Central Statistical Organisation (CSO)…. Recently, I went there with (Union) minister Sadananda Gowda…. He called the CSO person, because there was pressure to put out data on demonetisation. So they put out the (GDP) data (saying) that there is no impact (of demonetisation).

Source: Indian Express

So now you know how reliable the GDP figures are. And you know how much you can rely on what the ruling Government says. Do you still believe in the FRDI Bill?