Fact Check: The condition of country’s GDP and rupee is bad and inflation and unemployment at its peak? know the truth

New Delhi: Prime Minister Narendra Modi met the family of the late filmmaker on the occasion of Raj Kapoor’s 100th birth anniversary. PM Modi was seen in his/her familiar style while talking to members of the Raj Kapoor family. he/she was very calm, gentle and easy going. Raj Kapoor’s family came to meet him/her only on the invitation of the Prime Minister. Many people liked this initiative of PM Modi and many people are also opposing it. Even some people have started telling about the condition of the country’s economy. On social media platform X, a user has made four claims about the Indian economy, which we are going to investigate.

What is the claim?

X user Mohit Chauhan writes, ‘GDP is falling. Inflation is at an all-time high. The rupee is in its weakest position ever against the dollar. Unemployment is at an all-time high. Here, Modi ji is engrossed in fun. In this way Mohit Chauhan has made four claims-

1. India’s GDP is falling.
2. Inflation rate in India has never been as high as it is now.
3. The rupee has never been as weak against the dollar as it is now.
4. Unemployment is also at its peak in the country and all the old records have been broken.

what the FAC?

Let us now examine all four claims one by one. First of all let’s talk about India’s GDP. Those who criticize the government sometimes call the data of government institutions misleading. Therefore, let us leave aside the Indian government institutions and talk about international institutions.

1. What is the truth of the claim of declining GDP?

international monetary fund (IMF) website provides charts with GDP data for various scales. There are also inflation figures and charts. One can see that while the GDP chart seems to be rising, the lines in the inflation chart are going down. It is clear that firstly India’s GDP is continuously increasing and the inflation rate is decreasing.

Now let’s talk about the World Bank (WB). On September 3, 2024, a article Has been published. Its heading is- India’s economy will remain strong despite slow global growth. The article says, ‘The Indian economy is growing at a rapid pace despite challenging global conditions, according to the World Bank’s latest India Development Update: India’s business opportunity in a changing global context.’ It further said, ‘India Development Update (IDU) believes that India remains the fastest growing major economy and this economy has grown at a rapid pace of 8.2 percent in FY 23/24.’

At the same time, the organization that monitors the world economy trading economics It says, ‘Gross domestic product (GDP) in India grew by 5.40 percent in the third quarter of 2024 compared to the same quarter last year. According to Trading Economics’ global macro model and analysts’ expectations, India’s GDP annual growth rate is expected to be 7 percent by the end of this quarter. According to our econometric model, in the long term, India’s GDP annual growth rate is estimated to be 5.90 percent in 2025 and 5.10 percent in 2026.

2. How true is the claim of severe inflation in the country?

IMF charts clearly show that the inflation rate is going down and is currently around 4 percent.

There itself, trading economics The website of India states that the inflation rate in India has decreased in the month of November. The website says, ‘Consumer price index in India declined by 0.15% month-on-month in November 2024. This is the first decline after a 1.34% rise in October. Earlier a decline was recorded in January. On a monthly basis, the inflation rate in India averaged 0.49 percent from 2011 to 2024, reaching a record high of 2.93 percent in July 2023 and a record low of -1.55 percent in December 2013.’ The forecasts said that as per Trading Economics’ global macro model and analysts’ expectations, the inflation rate in India is expected to be 0.40 per cent on a monthly basis by the end of this quarter.

mukro trends The website states that
India’s inflation rate for 2023 was 5.65%, which is 1.05% lower than 2022.
India’s inflation rate for 2022 was 6.70%, which is 1.57% higher than 2021.
India’s inflation rate in 2021 was 5.13%, which is 1.49% less than 2020.
India’s inflation rate in 2020 was 6.62%, which was 2.89% higher than 2019.

3. Is the rupee historically weak against the dollar?

The position of the Indian rupee is weak against the US dollar. The website of Trading Economics and Yahoo Finance states that the rupee has continuously weakened against the dollar, but this trend has been going on for years. The rupee recovers a bit for short periods in between, but its position against the dollar has always been weak.

4. Is unemployment at its highest level in the country?

trading economics According to the Global Macro Model and analysts’ expectations, the unemployment rate in India is expected to be 7.50 percent by the end of this quarter. According to our econometric model, India’s unemployment rate in the long term is estimated to be around 7 percent in 2025 and 7.10 percent in 2026.

There itself, mukro trends According to,
India’s unemployment rate for 2023 will be 4.17%, down 0.65% from 2022.
India’s unemployment rate for 2022 was 4.82%, down 1.56% from 2021.
India’s unemployment rate in 2021 was 6.38%, which is 1.48% less than 2020.
India’s unemployment rate in 2020 was 7.86%, 1.35% higher than 2019.

conclusion

Investigation of the data related to the Indian economy has revealed that the claims of the country’s GDP falling, inflation and unemployment rate being at the highest level are completely wrong. However, it is absolutely true that the rupee is at its weakest ever against the dollar. But the other side of this is that the weakness of the rupee against the dollar is not a story of the last few years but of forever.