New Delhi: Former finance minister P Chidambaram on Friday raised doubts over the GDP figures, wondering how the economy is growing at 7 per cent when the unemployment rate was the highest in 45 years.
Taking a dig at the Centre, he claimed that when the government revised the GDP figures it did not realise that the unemployment figures also got revised.
Chidambaramâs remark came ahead of the interim Budget on Friday.
The government on Thursday said it has not finalised the survey on labour force which reportedly showed that the unemployment rate in the country hit a 45-year high of 6.1 per cent in 2017-18.
The National Sample Survey Officeâs (NSSOâs) periodic labour force survey (PLFS), according to the Business Standard newspaper, states that unemployment was last this high in 1972-73. The unemployment rate was 2.2 per cent in 2011-12, it said.
âNITI Aayog vice-chairman asked âHow can a country grow at an average of 7 per cent without employment?â That is exactly our question. With unemployment at a 45-year high, how can we believe that the economy is growing at 7 per cent,â Chidambaram said on Twitter.
âModi Government revises GDP growth figures upward. What government did not realise was that unemployment figure was also revised upwards,â he tweeted.
On Thursday, Niti Aayog Vice Chairman Rajiv Kumar, who had previously mounted a defence of lowering of UPA-era GDP growth rates, at a hurriedly called press conference said the report cited by the newspaper âis not finalised. It is a draft reportâ.
The report generated a lot of controversy, with Congress President Rahul Gandhi saying the Modi government had promised two crore jobs, but five years later a âleaked job creation report cardâ has revealed a ânational disasterâ.
âLet's have another round of demonetisationâ
Chidambaram also took a swipe at the government over claims of high growth despite demonetisation and asked if this time Rs 100 notes would be demonetised.
âThe demonetisation year was the best year of growth (8.2 per cent) under Modi. So, letâs have another round of demonetisation. This time letâs demonetise 100 rupee notes,â he said.