New Delhi, Aug. 31 -- Congress leader Jairam Ramesh on Monday said that the latest GDP figures present a "Greatly Distorted Picture of the economy" and that consumer confidence is "very sluggish", prices of household essentials are galloping and educated unemployment is at alarming levels.

In a post on X, he said that the wealth of India's five richest families has grown by 400% while the real wages of salaried workers have fallen.

The government data released on Monday said that India saw GDP growth of 7.8% during Q1 of FY 2026-27.

"The quarterly GDP numbers, such as they are reported, present a GDP - Greatly Distorted Picture - of the economy. They do not convey the decidedly depressed private investment sentiment in the economy -- b...