“Say goodbye to 5 trillion economy”, says Subramanian Swamy

Subramaniam Swamy

New Delhi | A day after GDP data revealed that it has slumped to a 5-year low to 5% for the first quarter of 2019-20, BJP Rajya Sabha MP Subramanian Swamy has told everyone to “big goodbye to 5 trillion economy”.

He said today we don’t have “boldness” or “knowledge” which can help us from a crash.

“Get ready to say goodbye to Rs 5 trillion if no new economic policy is forthcoming. Neither boldness alone or knowledge alone can save the economy from a crash. It needs both. Today we have neither,” Swamy wrote on Twitter.

In June, Prime Minister Narendra Modi said the goal of making India a $5 trillion economy by 2024 was “challenging, but achievable”.

However, economists have warned that India’s economic slowdown could become critical if the government does not focus on increasing investments.

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