‘Few Jobless People Call Themselves Economists’: Piyush Goyal Jibes at Oppn, Critics over ‘Wrong GDP’ Remark
The commerce minister said critics were comparing different GDP series and said the ministry’s figures were not manufactured or deliberately revised.
- On Wednesday, Union Commerce and Industry Minister Piyush Goyal defended India's 7.8% GDP growth, accusing Opposition leaders and former officials of misguiding the public by comparing figures from different GDP series.
- The Ministry of Statistics and Programme Implementation released 7.8% growth data on Monday, surpassing the Reserve Bank of India's 7% forecast, which Prime Minister Narendra Modi hailed as a "herculean feat."
- Subhash Chandra Garg and Raghuram Rajan challenged the data by citing a revised base year; Garg claimed growth would have been only 2.6 per cent without the revision.
- Calling critics "jobless," Goyal dismissed their concerns, while the Ministry issued a six-point rebuttal stating the old 2011-12 base-year series cannot be compared with the new 2022-23 series.
- Opposition leader Ramesh described the figures as a "GDP, Greatly Distorted Picture, of the economy," while Goyal credited 140 crore people for unprecedented growth, positioning India as a global trusted partner.
18 Articles
18 Articles
'Jobless people': Piyush Goyal slams opposition, Subhash Garg's criticism of Q1 GDP growth
Union Commerce and Industry Minister Piyush Goyal on Wednesday hit out at Opposition leaders and former officials questioning India's 7.8% GDP growth figure for the April-June 2026 quarter, accusing them of comparing an old data series with a new one and describing them as "the only jobless people left". Speaking at the annual session of the Automotive Component Manufacturers Association (ACMA) in Delhi, Goyal said, "I see on TV some of the Oppo…
Opposition leaders are jobless, says Goyal on Indias 7.8% GDP growth figure critics - The Tribune
Union Commerce and Industry Minister Piyush Goyal on Wednesday criticised Opposition leaders and former officials who questioned India's 7.8 per cent GDP growth figure for the April–June 2026 quarter, calling them 'the only jobless people left' and accusing them of comparing an old data series with a new one.
Piyush Goyal Defends 7.8% GDP Growth, Slams ‘Jobless’ Critics
India's 7.8% GDP growth estimate for the April-June quarter has moved from an economic data release to a political and statistical flashpoint, with Union Minister Piyush Goyal strongly defending the number and the government rejecting claims that the headline figure was inflated by revisions to last year's base.Goyal said the growth figure reflected the effort of Indians and accused critics of u
BJP Vs Congress: ‘Not comparing apples with apples?’ Piyush Goyal hits back at Congress criticism of GDP numbers
India's economy grew at a faster-than-expected rate showing resilience against concerns of an economic downturn over the US-Iran War, the latest numbers show.
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