Thread by @t_d_h_nair

1/ Entire RW supporters were on a high without reading the fine prints when CSO said the GDP has grown @ 7.7%. Here in this #Thread everything will be a copy paste from the actual govt press release. Lets see how Modi govt is performing

2/ GDP at 2011-12 prices in the fourth quarter (Q4) of financial year 2017-18 registered 7.7% as against 5.6% , 6.3% and 7.0% respectively, in the first three quarters.

3/ This one is the most important one
PROVISIONAL ESTIMATES OF NATIONAL INCOME, THE GROWTH RATE OF GDP AT CONSTANT (2011-12) PRICES FOR THE FY 2017-18 IS ESTIMATED AT 6.7%. (7% IS THE GROWTH RATE OF THE LAST QUARTER ONLY)

4/ “The ‘agriculture, forestry and fishing’ sector has shown a growth rate of 3.4% as against previous year’s growth rate of 6.3%”.
Production of coal and crude oil registered growth rates of 2.5% and (-)0.9% during 2017-18.

5/ The ‘mining and quarrying’ sector has shown a growth rate of 2.9% as against previous year’s growth rate of 13.0%. The Index of Industrial Production of mining registered growth of 2.3% during 2017-18 as compared to 5.3% during 2016-17.

6/ Growth in the manufacturing sector is estimated at 5.7% agnst the growth rate of 7.9% last yr. GVA at basic prices for 2017-18 from Electricity, gas, water supply and other utility services sector is estimated at 7.2% agnst growth rate of 9.2% of 2016-17

7/ In terms of GDP, the rates of PFCE at current and constant (2011-12) prices during 2017-18 are estimated at 59.1% and 55.8% respectively, as against the corresponding rates of 59.0% and 55.9%, respectively in 2016-17.

8/ Here is the complete details. It shows Indian economy survives with this rate of growth simply because of govt expenditure in infra push. Otherwise the story wd hv been totally different. But, for how long govt can do this?
mospi.gov.in/sites/default/…

9/9. If Modi govt follows the GDP calculation method existed when UPA was in power, this rate wd hv been 4.7% - same as in the last year of UPA 2.

In simple words, Modinomics and its Growth rate numbers are nothing, but as Amit Shah said a very big “Jumla”