Government Fooling People on GDP Data: Chidambaram

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Senior Congress leader and former finance minister P. Chidambaram. — File photo

NEW DELHI (IANS) – Congress leader P. Chidambaram on Wednesday alleged that the BJP-led government had tried to fool people that the GDP growth is much higher than that of UPA and it was a scam.

He said NSSO data shifted the base year which is not unusual but the CSO data shifted the base year gave up RBI data base and switched over to Ministry of Company Affairs data base called MCA-21.

“Now MCA-21 is not being made available to anyone in the public domain – not available to economists – not available to researchers. It is a closely guarded secret of the government. They are using MCA data to get information about companies, their production, their profit,” he said at a press conference here.

Chidambaram said NSSO, in the surveys, that was underway, completed, has found 35 per cent of companies in the MCA data base do not exist, they are not traceable.

“They are either closed down or they not found at the addresses they have given. So, what is the data you are using to fool the people of this country that the GDP growth is much higher than the UPA? This is a scam. This is a scandal which has to be investigated first before we find solution of it,” he said.

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