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“PM’s Hall Of Shame”: Rahul Gandhi Targets Modi Over GDP

The fresh attack by Mr Gandhi comes just a day after release of the GDP data.

Congress leader Rahul Gandhi, who has been consistently vocal in his criticism of the centre through Twitter, today blamed Prime Minister Narendra Modi for the rise in unemployment in the country. Mr Gandhi suggested that India’s economic growth has seen a sharp fall due to poor governance.

“PM’s hall of shame – Minimum GDP. Maximum unemployment (sic),” the former Congress President said in his tweet, along with a graph by the Centre for Monitoring Indian Economy to support his statement. The fresh attack by Mr Gandhi comes just a day after release of the GDP data.

Official data by the government released on Monday said that the Indian economy grew by 1.6 percent in the January-March quarter but witnessed a contraction of -7.3 percent for the entire fiscal year. Data also showed the fiscal deficit at 9.3% of GDP in 2020-21, down from the revised estimate of 9.5%

This is the second quarter that the economy has shown a positive figure of growth after it slipped into recession thanks to the coronavirus-induced lockdown and restrictions in March 2020.

As the GDP data came out, opposition Congress slammed the centre. “India’s economic ruin began the day the incompetent Modi government came to power. The rapid slowdown began before the pandemic hit, now India’s GDP sees its lowest rate in 40 years,” read a tweet on its official Twitter handle.

Chief Economic Adviser Krishnamurthy Subramanian said that there has been a marginal improvement in the FY21 GDP, quoted CNBC-TV18. He added that GDP numbers signify a revival of demand in the second half of the year and that agriculture is the silver lining for FY21 GDP. However, he pointed out that there has been some impact of the second COVID wave.

 

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