Former Finance Minister P. Chidamabaram on Wednesday claimed that the data on the Gross Domestic Product was based on bogus numbers and “was a scam that needed to be investigated”. “The NSSO [National Sample Survey Organization] in the survey that was completed has found 35% of companies in the MCA data base do not exist. So, what is the data you are using to fool the people that the GDP growth is much higher than the UPA?” he asked. Accusing Finance Minister Arun Jaitley of perfecting the art of “concealing” data and projecting “doctored” information, he said: “The Finance Ministry’s report is a damning indictment of the state of the economy. It turns out that the government has been using bogus data.”He said the Central Statistics Organization data was a sham as they had been “intimidated” by the political leadership.

Source: The Hindu May 08, 2019 18:11 UTC