The government said the data had been recalibrated to reflect a more appropriate picture of the economy. Photo: Bloomberg
New Delhi: The government on Wednesday lowered the GDP growth rates for a majority of the previous 10 years of the UPA regime, saying the data had been recalibrated to reflect a more appropriate picture of the economy.
The GDP growth rates for financial years 2006 to 12 have been revised using new back series data, Chief Statistician Pravin Srivastava said at a press conference here.
According to data released by the Central Statistics Office (CSO), the economy grew by 8.5% during 2010 to 2011, and not 10.3% estimated earlier.
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