India Been Fastest Growing Economy In World For Past 4 Yrs: Jaitley

New Delhi: Countering Congress stance that the UPA delivered the highest decadal growth since Independence, Union Minister Arun Jaitley said on Sunday that India has been the fastest growing economy in the world for the last four years and has consistently overtaken China in the growth rate. In a blog on social networking site Facebook, Mr Jaitley said in the global context all economies were growing during the boom years, which was not peculiar only to India. It slowed down after the boom years and thereafter, he said.

Earlier in the day, the Congress had defended the record of the United Progressive Alliance on the basis of recently published back series data on gross domestic product (GDP). Party leader and former finance minister P Chidambaram, in a press conference said the UPA delivered the highest decadal growth, 8.13 per cent at factor cost, since India acquired independence and handed over an Indian economy on the upswing in 2014.