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Rahul slams PM Modi, Jaitley on slump in GDP growth to 6.5 pc

Last Updated: Saturday, 6 January 2018 (12:25 IST)
New Delhi: Taking a jibe against Prime Minister and Finance minister Arun Jaitley over the estimated drop in levels to 6.5 per cent this year, Congress president on Saturday said the divisive politics of Mr Modi has led to a sharp fall in the various parameters of the Indian economy. 

Taking to Twitter, Rahul, pointed out towards a fall in New Investments, Bank credit Growth, Job creation and Agriculture GVA growth during the NDA rule and rise in Fiscal Deficit, he said, 'FM Jaitley’s genius combines with Mr Modi’s Gross Divisive Politics (GDP) to give India New Investments which are at a 13 year low, Bank credit Growth which is at a 63 year low, Job creation which is at a 8 year low and Agriculture GVA growth which is down to 1.7%, Fiscal Deficit which is at a 8 year high and increase in Stalled Projects'.

While briefing media persons here on Friday, Chief Statistician said Gross Domestic Production growth will be at 6.5 per cent for the current Financial Year 2017-18 (FY18), according to advance estimates of Central Statistics Office. The GDP growth in the previous fiscal (FY 17) was at 7.1 per cent.He also said that the next two quarters of the financial year would have a GDP growth of 7 per cent which will be better than the first two quarter of the fiscal.
(UNI)
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