Mamata Banerjee criticises Modi govt for decline in GDP growth

In a facebook post, Banerjee said that her apprehension about demonetisation has proven to be correct and asked the Centre to give clarification. The growth rate slumped to 6.1% during January-March 2017 from 7.1% in the previous quarter after demonetisation.

By: Express News Service | Kolkata | Updated: June 1, 2017 3:56 pm
Mamata Banerjee, West Bengal CM, Demonetisation, Narendra Modi, Modi government West Bengal CM Mamata Banerjee (Source: File)

West Bengal Chief Minister Mamata Banerjee on Thursday lambasted the Narendra-Modi government for the decline in GDP growth and said it was due to the effects of demonetisation. In a facebook post, Banerjee said that her apprehension about demonetisation has proven to be correct and asked the Centre to give clarification.

“The Q4 GDP figure this fiscal has come down to 6.1%. The corresponding GDP figure in the previous fiscal was 7.9%. So, the decline is nearly 2 per cent point. Rampant job loss has been reported across the country with the agriculture and unorganised sector in worst shape,” Banerjee wrote in her facebook page.

Asking the Centre to give clarification for this crisis, the Chief Minister wrote, “Right at the time demonetisation was announced by the Central Government, I had voiced my concern that the country would have to face severe loss of jobs and drastic decline in productivity due to demonetisation. My apprehension is now proven to be true. What have the people, who pushed the country to this crisis, to say?”

The growth rate slumped to 6.1% during January-March 2017 from 7.1% in the previous quarter when the government scrapped Rs 15.44 lakh crore worth of high value notes.

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  1. R
    Rakjbiu Vjhvu
    Jun 1, 2017 at 7:44 pm
    Wat a joke Does she even know how GDP is calculated
    Reply
    1. K
      Kalua
      Jun 1, 2017 at 6:47 pm
      Just curious to know west Bengal's contribution in that 6.1 GDP.
      Reply
      1. N
        niraj
        Jun 1, 2017 at 6:45 pm
        Didi do you know meaning of GDP growth rate.
        Reply
        1. P
          PKR
          Jun 1, 2017 at 6:06 pm
          Begum should worry about WB and stem the flow of the radicals into the country. She has been brainwashed and blackmailed by the radical sunnis and the country has to pay for it.
          Reply
          1. R
            Raman
            Jun 1, 2017 at 5:50 pm
            Really? I mean given her Maoist at ude she think she can improve India's GDP? She is imbecile and ignorant person. Where else these things can happen? Only in India.
            Reply
            1. K
              KD
              Jun 1, 2017 at 5:14 pm
              mind your own bloody business, just freaking concentrate on WB state GDP which is in downturn under your rule.
              Reply
              1. S
                Shyamal Ganguly
                Jun 1, 2017 at 4:14 pm
                Mumtaz Begum is like the mother of a thief shouts the loudest in a village about son's honesty. This woman(Saharadha, Narada scam) is as shameless as Chara-Chor Lallllooooooooooooooooo.
                Reply
                1. A
                  Abha Indian
                  Jun 1, 2017 at 4:50 pm
                  Feku knows any thing about economy. MMS said in day light that demonetization will affect GDP by 2 . After all, he is great economist not like Feku and his ic cabinet. Remove Jhootly from the post of FM and bring Subramanian Swami, who will do s'thing good at least in economic field. Jai Bheem
                  Reply
                2. B
                  Balasubramanya
                  Jun 1, 2017 at 4:00 pm
                  Can anyone treat her Modi phobia, other wise she will go mad due to deprived of sleep.
                  Reply
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