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Annual GDP of Modi govt 5.4%, but highlighting quarterly growth: Cong

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Annual GDP of Modi govt 5.4%, but highlighting quarterly growth: Cong

Congress General Secretary Jairam Ramesh in a post on X said, “The Prime Minister and Finance Minister are repeatedly talking up the ‘transformative GDP growth in India’ based on the recent numbers for July-September 2023. But if you leave aside quarterly growth numbers, which could be high or low for a number of reasons. What matters a lot more – to understand how well the economy is doing – is annual growth rates over a longer period of time.”

“Annual average GDP growth rate when Dr. Manmohan Singh was Prime Minister: 8.1 per cent.

Annual average GDP growth rate so far under Mr. Narendra Modi as Prime Minister: 5.4 per cent. Which is truly transformative?” Ramesh asked.

His remarks came after Union Finance Minister Nirmala Sitharaman on Thursday said that India’s second-quarter growth is the highest in the world as the country continues to be the fastest-growing economy.

The minister made the remarks while replying to a debate in the Rajya Sabha on the economic situation in the country which was held over three days with the participation of a large number of members.

–Ajit Weekly News

aks/dpb


News Credits – I A N S

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