ibnlive » Politics » News

Sep 23, 2013 at 11:39am IST

Wonder why Modi should stage a fake encounter with facts: Chidambaram

New Delhi: Finance Minister P Chidambaram on Monday took on Gujarat Chief Minister Narendra Modi over growth claims in the NDA rule. "Modi's claim that India grew at 8.4 per cent during the Atal Bihari Vajpayee government is false," Chidambaram said in a statement.

"The average growth during nda rule 6 per cent and not 8.4 per cent, Chidambaram added. "I wonder why Narendra Modi should stage a fake encounter with facts," Chidambaram said.

Here's the full text of Chidambaram's statement against Modi:

"Narendra Modi is reported to have said that the growth rate during the period of the Vajpayee government was 8.4 per cent. Nothing can be further from the truth.

The GDP growth rates for the six years of the Vajpayee government were:

1988-89 6.7 per cent

1999-00 7.6 per cent

2000-01 4.3 per cent

2001-02 5.5 per cent

2002-03 4.0 per cent

2003-08 8.1 per cent

- The average for the six year period was 6.0 per cent and the average for the last five years was 5.9 per cent

- By contrast, the average for UPA-I was 8.4 per cent.

- For the first four years of UPA-II, the average has been 7.3 per cent

- The two worst years since the turn of century were 2000-01 (4.3 per cent) and 2002-03 (4.0 per cent)

- If there was a golden period of growth, it was the five year period under UPA-I.

I wonder why Narendra Modi should stage a fake encounter with facts. Ultimately, facts will prevail."