You are here: Home » Economy & Policy » News
Business Standard

India needs more reforms to breach 8% growth ceiling: NITI Aayog VC

Kumar said that the former Finance Minister P Chidambaram has done great disfavour to officers of CSO by criticising back-series GDP data

Press Trust of India  |  New Delhi 

Rajiv Kumar, NITI Aayog, VC
File photo: Rajiv Kumar at a press conference after assuming office as the NITI Aayog vice-chairman in New Delhi. (Photo: Sanjay K Sharma)

India will have to undertake more reforms and try harder to grow at over 8 per cent, said Thursday.

He also expressed displeasure at politicisation of release of back-series GDP data Wednesday at a joint press conference addressed by him and Pravin Srivastava.

"Breaching the 8 per cent growth ceiling is not easy, we have to try much harder and undertake the reforms at the level where it matters," he said at an event organised by the

Kumar said that the former P Chidambaram has done great disfavour to officers of CSO by criticising back-series GDP data released by the (CSO).

"I am deeply pained at people who politicised it for no reason at all," he said.

He also pointed out that the government needs to invest more in the country's statistical system.

"The allocations to our must increase many folds," he stressed.

Replying to PTI's question on what has got to do with back-series data, Kumar said that at one point of time the (MOSPI) was a department of the

"We (Niti Aayog) had provided platform to experts (statisticians) to examine the (GDP back-series) data...GDP back-series data is a technical thing, it has a huge macroeconomic impact, so we have done it in a more macroeconomic manner," he said.

Kumar also said that uses data extensively for making logical policy recommendations and the data is always based on assessment and quality check by eminent statisticians.

"Therefore, it was logical for Niti Aayog to provide the platform for its release," he noted.

First Published: Thu, November 29 2018. 14:40 IST