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

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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 showsHide the evidence
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
Not trueMallikarjun Kharge (Indian National Congress)28 Sept 2026
“Rubber bullets were fired in the farmers’ movement, and 750 farmers lost their lives," he said, adding, "In Una, Gujarat, Dalits were beaten up, but justice hasn’t been served even now.”
The specific figure of 750 is not supported by the record; parliamentary debates and reporting cite around 700 or over 200 deaths, depending on the period. The claim that rubber bullets were fired is absent from all retrieved sources. Because the load-bearing number is contradicted by the available record and the ammunition claim is unverified, the statement is not accurate.
What the evidence showsHide the evidence
What they said
Congress president Mallikarjun Kharge said that rubber bullets were fired in the farmers’ movement and 750 farmers lost their lives.
thehindu.com, 28 Sept 2026
What is actually true
A Lok Sabha debate on 2 July 2024 records a member saying 'almost 700 farmers gave their lives' in the first farmers' agitation [7]. A February 2021 Lok Sabha debate put the figure at 'over 200 farmers' killed since the protests began [8]. The Conversation reported '700 lives lost' in the year of protests [5]. None of these sources mentions rubber bullets being fired.
- A Lok Sabha debate on 2 July 2024 records a member saying 'almost 700 farmers gave their lives' in the first farmers' agitation, not 750. [7]
- A February 2021 Lok Sabha debate said 'over 200 farmers have been killed since the inception of farmers' protests.' [8]
- The Conversation reported '700 lives lost' in the farmers' protests, not 750. [5]
- None of the retrieved sources mentions rubber bullets being fired during the farmers' movement. [5][7][8]
[5] 1 year and 700 lives lost, but Indian protestors have succeeded in repealing anti-farming laws — theconversation.com [7] LOK SABHA DEBATES — sansad.in [8] 08.02.2021.pdf — sansad.in
The specific figure of 750 is not supported by the record; parliamentary debates and reporting cite around 700 or over 200 deaths, depending on the period. The claim that rubber bullets were fired is absent from all retrieved sources. Because the load-bearing number is contradicted by the available record and the ammunition claim is unverified, the statement is not accurate.
How this was checked: Checked against official records