Are Numbers Really Louder than Noise? BJP Criticizes Congress for Economic 'Lies'

New Delhi, July 18 (NationPress) Asserting that numbers speak louder than noise, BJP leader Amit Malviya on Friday mocked Congress leader Jairam Ramesh for disseminating falsehoods and negativity regarding the economy, presenting data showcasing record-breaking growth since 2014.

The head of the BJP's information technology cell stated on X, "Once again, we see another desperate effort from Jairam Ramesh and the Congress to propagate misinformation about India's economy."

"While they continue to dwell in created despair, the reality reveals a different narrative - one characterized by resilience, reform, and record-breaking growth, even as much of the globe faces economic stagnation," he remarked.

"The Congress must cease fabricating lies and confront reality. India is not swayed by their negativity. The numbers resonate louder than their clamor," he emphasized.

In sharing indicators showcasing the economy's positive performance, Malviya stated, "India continues to be the fastest-growing major economy, while others are descending into negative territory. The PMI has reached a 14-month high of 61 (June 2025) - with the Manufacturing PMI at 58.4, maintaining over 50 for 47 consecutive months. The hiring trend remains robust - with a 10 percent increase in staff costs for manufacturers."

"India is now recognized as the largest locomotive manufacturer globally. Inflation has dropped to a six-year low, with vegetable prices down 13.7 percent year-on-year, and cereals and pulses also showing relief," he noted.

In response to Ramesh's assertions about GST loopholes, Malviya countered, "GST collections reached Rs 22.08 lakh crore in 2024-25, a record fueled by formalization rather than tax terrorism."

Malviya, a former banker, continued to present data to substantiate his stance on the solid macro fundamentals.

"iPhone exports to the U.S. soared by 76 percent. Since March, the stock market has gained $1 trillion in market capitalization, the highest among the top 10 global markets. Gross NPAs are at a 15-year low of 2.3 percent. E-way bill generation has increased by 19 percent year-on-year (June 2025) - clear evidence of business momentum," Malviya asserted.

The BJP leader underscored the government’s economic accomplishments, stating, "This administration has delivered on its promises - higher capital expenditure, targeted PLI schemes, and genuine reforms intended for both businesses and the common public."

Previously, Congress leader Ramesh criticized the government for what he termed economic despair and GST inadequacies.

"It is crystal clear that the economy requires a significant booster dose. This can only occur with substantial reform of GST, an end to the atmosphere of tax terrorism, and the abandonment of favoritism towards one or two major business groups," Ramesh expressed on X.

"A recent research report from Nuvama Institutional Equities emphasized concerns regarding the current state of the Indian economy," Ramesh claimed, asserting that key High-Frequency Indicators are either slowing or remaining subdued.

"These include credit and exports, along with GST collections. Private consumption is not gaining traction, particularly in real estate, as well as in two-wheeler and four-wheeler sales," he stated.

The former Union Minister added, "Industry has made a sluggish start in 2025/26, mirroring trends in electricity and diesel consumption, as well as in medium and heavy commercial vehicles. Eight core industries are exhibiting weak growth. Agricultural prices, crucial for rural well-being, remain subdued."