Indian PM Modi accused of tweaking, burying unwelcoming economic numbers - News Summed Up

Indian PM Modi accused of tweaking, burying unwelcoming economic numbers


Modi is vulner­able over his econom­ic record in the polls starti­ng on April 11MUMBAI: A group of more than 100 experts sounded a pre-election alarm Friday over Indian economic data, accusing Prime Minister Narendra Modi’s government of tweaking or burying unwelcoming numbers. Modi is vulnerable over his economic record in the polls starting on April 11, in particular a failure to meet promises to create enough jobs for the million Indians entering the labour market each month. His successor, a Modi ally, oversaw a economy-boosting cut in interest rates last month in his first monetary policy meeting. The opposition Congress party of Rahul Gandhi, who has called Modi’s record on employment a “national disaster”, jumped on the letter. In 2015, the Indian Central Statistics Office (CSO) revised economic output numbers for past years, changing the base year and showing significantly faster — and questionable — growth rates.


Source: The Express Tribune March 15, 2019 09:00 UTC



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