Chidambaram's charge of Modi staging a "fake encounter with facts" regarding his claims of economic growth during BJP-led NDA being 8.4 per cent was challenged by Deputy Leader of BJP in Rajya Sabha Ravi Shankar Prasad who said the Finance Minister's contention is a "glaring example of resorting to fake encounters with facts".
"Chidambaram is not only factually incorrect but is also being economical with the truth," he said.
"... The economy has registered a growth rate of 8.5 per cent in 2003-04, the highest ever except in 1975-76 and 1988-89," Prasad said, quoting from the Economic Survey.
The main Opposition claimed that this rate of growth was achieved by the Atal Bihari Vajpayee government despite "extreme adversity".
"It is well known that there was international sanction by nearly all the country of the world in the wake of Pokhran II nuclear explosion. There was a Kargil War, the explosive East Asian crisis in the year 1999-2000, the massive earthquake in Gujarat, the serious drought in 2001-02 and other natural crisis," Prasad said.
Former Finance Minister and BJP leader Yashwant Sinha alleged that Chidambaram is indulging in "statistical jugglery" by comparing the average growth during NDA and UPA rule since 2004 as it cannot compete on year-to-year basis with the NDA regime.
"They are comparing nine years average with five years average of NDA," Sinha said, adding that Chidambaram is "doing terrorism with facts".
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
