The CAs, led by Manipal group chairman T.V. Mohandas Pai, have labelled the allegations made by the 108 economists and social scientists ‘baseless’.
New Delhi: Days after 108 economists and social scientists accused the Narendra Modi government of altering or withholding unfavourable economic data, a group of 131 chartered accountants (CAs) defended the government and questioned the scholars’ political motivations.
The CAs asked all professionals to come together to portray the progress made by India in the last five years, and counter the “baseless allegations” made by the economists and social scientists.
“Between 1960 to 2014 (sic) India had been left behind by all its peers from Japan, China, Taiwan, Korea, Brazil, Thailand, Indonesia, Malaysia, Singapore, Russia, South Africa and Sri Lanka in economic growth. None of these economists or social scientists ever made an appeal in those 54 long years that India is on a slow track and is being left behind,” the statement said.
“Now when India has become the Fastest Growing Economy in the world they are worried about the credibility of data. Is it their intention to scare Foreign Investors by creating doubts on the credibility of Data?” it added.
“This raises doubts as to their true intentions, and one ponders whether this concern emanates from the upcoming elections.”
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