BJP leader and Rajya Sabha MP Subramaniam Swamy

Subramaniam Swamy's question on GDP figures, in fact, -15% decline

The figures released by the Modi government show that the GDP is positive + 0.4%

BJP leader and Rajya Sabha MP Subramaniam Swamy have questioned the government's GDP figures for the third quarter of the financial year ending in December. It may be mentioned here that the figures released by the government show a positive (+ 0.4%).

Swamy said the December quarter GDP growth could be -10 percent if the Laspeyres Price Index number is used and -15 percent if the Paasche Index is used, including the figures for MSMEs and the unorganized sector, which led to negative growth. Is.

Swamy said in a tweet that if the negative growth in MSMEs and the unorganized sector is added to the GDP, the GDP growth will be -10 percent, not + 0.4 percent, according to the Laspeyres Price Index. If we use the Paasche index in the same way, it will be -15.

In fact, the Paasche Index measures the level of prices in the economy, the cost of living, and inflation, just as the Paasche Index measures the price of goods and services and changes in prices according to changes in their quantity.