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Last discovery run: 15 Oct 2026, 13:26 IST, via rss+tavily, 27 official series retrieved

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All speakersRahul Gandhi155Akhilesh Yadav54Arvind Kejriwal17Dhruv Rathee22Cockroach Janta Party12Abhijeet Dipke23Saurav Das9Indian National Congress18Aam Aadmi Party12Samajwadi Party20
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All topicsEducation15repolls in Bihar Assembly election 2025, PIB6lithium ore inferred resource, GSI, J&K5terror camps targeted in Operation Sindoor, MEA5students in central university hostels, Lok Sabha answer, 27 July 20264attached from main accused in UP paper-leak case, ED, June 20243Employment3Ministry of Education budget 2026-27, Press Information Bureau3net reduction in Bihar electoral roll after SIR, ECI PIB, 30 Sep 20253Air travel2
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All placesUttarakhand13Uttar Pradesh12Maharashtra11Rajasthan4

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  • Not trueMallikarjun Kharge (Indian National Congress)29 Sept 2026

    “History bears witness that ten years ago, this very Prime Minister devastated India’s economy with the decision of “demonetization.””

    7.1 per cent

    What the evidence shows

    What they said

    Congress president Mallikarjun Kharge said that ten years ago Prime Minister Narendra Modi devastated India's economy with the decision on demonetisation.

    hindustantimes.com, 29 Sept 2026

    What is actually true

    7.1 per cent

    real GDP growth average after demonetisation, Lok Sabha answer, Dec 2025

    sansad.in

    In a written answer in the Lok Sabha on 8 December 2025, Minister of State for Finance Pankaj Chaudhary said national accounts data from the Ministry of Statistics and Programme Implementation show real GDP growth averaged about 7.1 per cent in the immediate years after demonetisation, 2016-17 and 2017-18, and about 7.3 per cent between 2016-17 and 2024-25 excluding the pandemic-affected years. The Economic Survey 2016-17 Volume 2 said the real economy grew 7.1 per cent in 2016-17, down from 8 per cent the previous year, but called the economy relatively resilient to the liquidity shock.

    • A written Lok Sabha answer on 8 December 2025 said real GDP growth averaged about 7.1 per cent in 2016-17 and 2017-18, and about 7.3 per cent between 2016-17 and 2024-25 excluding pandemic-affected years, with India remaining one of the fastest-growing major economies after demonetisation. [7]
    • The Economic Survey 2016-17 Volume 2 noted the real economy grew 7.1 per cent in 2016-17 compared with 8 per cent the previous year, and said this suggested the economy was relatively resilient to the large liquidity shock of demonetisation. [8]
    • The Reserve Bank of India's annual report said the Indian economy demonstrated resilience in 2016-17, marked by moderate expansion, low inflation, and improvement in current account and fiscal deficits. [2]

    [2] Annual Report | Official Website of Reserve Bank of India — rbi.org.in[7] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMETN OF ... — sansad.in[8] Economic Survey 2016-17 Volume-2 : State of the Economy - An ... — pib.gov.in

    The claim says demonetisation devastated the Indian economy. Official figures show the economy kept growing after demonetisation: real GDP growth averaged about 7.1 per cent in the next two years, and growth slowed from 8 per cent to 7.1 per cent in 2016-17. That is a slowdown, not devastation. The official record therefore contradicts the assertion that the economy was devastated.

    Open official seriesHow this was checked: Checked against official records