New Delhi: The Finance Minister sought to dispel doubts over the new growth figure of 7.4 percent for 2014-15, saying said the GDP calculations are made independently by the CSO, which is a credible organisation.
Arun Jaitley said, “They (CSO) do their independent exercises. Even Prime Ministers and Finance Ministers come to know of the figures just when they are released. They do not even consult us on the figures. We make our own estimations, they make their own estimations.”
He was referring to doubts expressed by various sections over the GDP figure of 7.4 percent for 2014-15 as projected by the Central Statistical Organisation’s (CSO). Calculating national income with 2011-12 as the base year, the CSO revised the growth for 2013-14 to 6.9 percent. Growth rate was earlier calculated with 2004-05 as base year.
