Fact Check: Did NITI Aayog vice-chairman say India's economic situation is the worst in 70 yrs? Find out

A social media post carrying an undated news clip with a Hindi headline, that loosely translates to “India’s economy is in worst phase in 70 years,” is being widely shared on social media.

By Sabya Singh  Published on  26 April 2022 4:27 AM GMT
Fact Check: Did NITI Aayog vice-chairman say Indias economic situation is the worst in 70 yrs? Find out

Hyderabad: A social media post carrying an undated news clip with a Hindi headline, that loosely translates to "India's economy is in worst phase in 70 years," is being widely shared on social media.

Click here to view.

Fact Check

The claim is misleading.

NewsMeter conducted a keyword search and found a report by Amar Ujala from August 2019. According to the report, NITI Ayog vice-chairman Rajiv Kumar, while addressing the Hero Mindmine summit, had described the economic downturn as an "unprecedented situation." He had said, "From last 70 years, we have not faced this sort of liquidity situation where the entire financial sector is in churn and nobody is trusting anybody else."

Several other news agencies, including ANI, NDTV, and Peoples Samachar, had reported Mr. Kumar's comments.

The NITI Aayog vice-chairman has not made any such comments about the country's economy recently. In fact, earlier this month, Mr. Kumar opined that, "India is on the cusp of the major economic recovery." He further asserted that India will remain the fastest growing economy in the world and ruled out speculations of stagflation as overhyped.

Hence, the claim is misleading. An old news clip of NITI Aayog vice-chairman's comments on the economy is being shared as recent.

Claim Review:“India’s economy is in its worst phase in 70 years,” said NITI Aayog vice-chairman
Claimed By:Social Media Users
Claim Reviewed By:Newsmeter
Claim Source:Social Media
Claim Fact Check:Misleading
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