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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 trueAkhilesh Yadavchecked 1 Oct 2026
“Faced with issues like inflation, unemployment, a lack of investment, and the failure to double farmers' income, they are now harking back to the pre-2017 era”
3.2%
What the evidence showsHide the evidence
What they said
Akhilesh Yadav said the BJP government has failed on inflation, unemployment, investment and doubling farmers' income, and is now harking back to the pre-2017 era.
latestly.com, checked 1 Oct 2026
What is actually true
3.2%
unemployment rate, Economic Survey 2024-25
pib.gov.in
The Economic Survey 2024-25, presented by the Ministry of Finance, says the unemployment rate for people aged 15 and above fell from 6.0% in 2017-18 to 3.2% in 2023-24, and retail headline inflation softened to 4.9% in April-December 2024. A PIB release on the Survey says gross capital formation in agriculture grew 19.04% in 2022-23. On farmers' income, a Rajya Sabha answer of 5 December 2025 says average monthly income per agricultural household rose from ₹6,426 in 2012-13 to ₹10,218 in 2018-19; a Business Standard report on a NITI Aayog member's paper says income jumped 126% between 2014-15 and 2023-24.
- The Economic Survey 2024-25 says the unemployment rate for people aged 15 and above fell from 6.0% in 2017-18 to 3.2% in 2023-24. [7]
- The same Survey says retail headline inflation softened to 4.9% in April-December 2024, from 5.4% in FY24. [7]
- A PIB release on the Economic Survey says gross capital formation in agriculture grew 19.04% in 2022-23, indicating increased investment. [3]
- A Rajya Sabha answer of 5 December 2025 says average monthly income per agricultural household rose from ₹6,426 in 2012-13 to ₹10,218 in 2018-19. [2]
- A Business Standard report on a NITI Aayog member's paper says farmers' income jumped 126% between 2014-15 and 2023-24, surpassing the doubling target. [1]
[1] Farmers' income has more than doubled during Modi years ... — business-standard.com [2] ru643 - sansad.in — sansad.in [3] Press Release Page | Press Information Bureau — pib.gov.in [7] Press Release Page | Press Information Bureau — pib.gov.in
The claim asserts failure on inflation, unemployment, investment and doubling farmers' income. Official data contradict the first three: unemployment fell, inflation was moderate, and agricultural investment grew. The farmers' income part is not established as a failure by the official parliamentary answer, which only gives figures up to 2018-19, and a reported NITI Aayog member study says income more than doubled by 2023-24. The 'harking back' phrase is political framing, not a factual claim. Because the load-bearing assertions are contradicted by the official record, the verdict is false.
Open official seriesHow this was checked: Checked against official records
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