New delhi, Jan. 15 -- With the union Budget on the horizon, Congress leader Jairam Ramesh on Thursday mounted a sharp attack on the Modi government's economic narrative, arguing that headline inflation-adjusted GDP growth figures are "deceptive" and mask deeper structural weaknesses, including stagnant incomes, weak consumer demand, and a worrying slowdown in private investment.
In a detailed post on social media platform X, Jairam Ramesh contended that the government's portrayal of robust real GDP growth is inflated by unusually low price deflators. "The headline numbers for inflation-adjusted GDP growth rates are deceptive. The price deflators are themselves very low and hence these rates get magnified," he said, cautioning against overc...