Rahul Gandhi says govt trying to distract from ‘falling GDP, rising unemployment’

Congress vice-president Rahul Gandhi lashed out at the government after GDP data released pointed towards a slow growth in the economy in January-March. Economists assert that many sectors including construction and financial services were hit hard post the note ban by the government.

By: Express Web Desk | New Delhi | Published:June 1, 2017 12:56 pm
rahul gandhi, GDP, rahul gandhi reaction GDP, congress, BJP, Demonetisation Congress Vice President Rahul Gandhi. (Express Photo/File)

Congress vice-president, Rahul Gandhi on Thursday hit out at the BJP government over the fall in Gross Domestic Product (GDP) growth. The Gandhi scion took to Twitter saying, “Falling #GDP. Rising #unemployment. Every other issue is manufactured to distract us from this fundamental failure.”

The remark from the Congress leader came a day after data released by Central Statistics Office (CSO) revealed that India’s economy grew at a slow pace from January to March 2017 at 6.1 per cent against a 7.0 growth in the previous quarter (October-December).

Congress leader P L Punia also launched a scathing attack at the central government. “They were talking about eight per cent growth rate. But still the government is boasting about itself. I would like to ask the government to keep the real picture of the Indian economy in front of the people of the nation,” said Punia to ANI.

Congress spokesperson Tom Vadakkan also attacked the government. “One really doesn’t know that this figure reflects the actual reality or this is a figure yet again being put up to put up an image of a performing government. Unfortunately the ground reality does not speak so,” said Vadakkan.

 

The data by CSO also showed that major sectors suffered from a slump in the last quarter. The construction sector in particular reflected a sharp fall while the financial services sector grew at a snail pace. Many economic experts believe that the dip was a reaction to the government’s decision of currency ban which was implemented in the month of November. The economic growth of the country has reduced to a three-year low of 7.1 per cent in 2016-17.

Chief Economic Advisor Arvind Subramanian, however, defended the government calling the growth of 7.1 per cent “a healthy growth number”. He also added, “The GDP is quite expected with what we said in the monetary survey, the demonetisation was a temporary shock, and the economy recovered with remonitisation.”

Chief Statistician T C A Anant said a separate analysis was needed to understand the impact of demonetisation on the Indian economy. He, however, admitted it could be one among the many factors which may have caused the dip in the growth.

 

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  1. C
    Citizen
    Jun 1, 2017 at 5:28 pm
    Nothing new as the old saying goes the pessimists say gl is half empty but the optimists say gl is half full!!! Do you have any vision/plan/blue print for the progress except saying something like a headless chicken going around??? If so why you failed during 10 years of rule??? Only people remember that period as the glorious period of SCAMS for the benefit of few chamchas /leaders!!! Jaihind
    Reply
    1. R
      Raju
      Jun 1, 2017 at 4:40 pm
      Besides emotion if you see hard facts, previous Govt performance Manmohan singh has done a good job at 7.7percent average GDP growth despite two global slow downs which is higher than Modi Govt. While Modiji has good intentions he should bring in professionals into economy. Pls move Jetlyji to Law ministry. How to hold so many portfolios like defence and economy etc?
      Reply
      1. R
        Rushil
        Jun 1, 2017 at 4:13 pm
        He is talking ? When the congress government was in power in 2008-2014, the economy was in complete shambles, corruption scandals were everywhere. People were not discussing what policies the government should have taken and which it shouldn't have, they were discussing scams. I hope this party never comes to power and the hi family are kicked out of India
        Reply
        1. M
          Mahalinggam Karpayah
          Jun 1, 2017 at 3:17 pm
          Throw out the fake hi -so call stupid, useless rahul and the rest of the family out of india-they have damaged and looted india over 60yrs
          Reply
          1. N
            Nagar Iyer
            Jun 1, 2017 at 4:07 pm
            Ask him what is GDP & what does it signify. If he is able to reply coherently, Congress may 6-8 seats in LS 2019.
            Reply
          2. K
            KP
            Jun 1, 2017 at 3:15 pm
            They r really gone mad deport all of them to animal kingdom I indian know they r far better without them their real communal face of anti Hindu and anti national has now been unmasked and blackened shame aka lanat and laanat on congress
            Reply
            1. S
              srd
              Jun 1, 2017 at 2:40 pm
              modi is a complete failure, still he talks of demonitization, which has not got any benefits, if there are why the govt cannot list out. a88 govt , no jobs created, layoffs, Economic rating is downgraded and jootley is saying he has induced credibility, joker hai be thu
              Reply
              1. N
                Nagar Iyer
                Jun 1, 2017 at 4:11 pm
                You have no basic knowledge of DEMONETIZATION. This Govt got a bonanza of 10 lakh crore from the PANIC DEPOSITS made by you SICKULAR NETAS. Already a sum of 9 Trillion has been advanced to 10 crore 'small entrepreneurs' in the form of UNSECURED, INTEREST FREE LOANS. Also you should note 5-8 crore new jobs have been generated because of these loans given under PRADHAN MANTRI JAN DHAN YOJANA
                Reply
              2. I
                Indian
                Jun 1, 2017 at 2:36 pm
                Is Rahul hi knows what GDP and how it is calculated.
                Reply
                1. N
                  Nastik
                  Jun 1, 2017 at 2:42 pm
                  More than u
                  Reply
                  1. D
                    Dipak
                    Jun 1, 2017 at 3:08 pm
                    Is there any country in the world, where GDP does not fluctuate ? A Roman Catholic, Raul Vinci cheating people by cal him Rahul hi. Same like his g -mother, a musim Maimuna Begum called herself Indira hi. What happened to Garibi Hatao ? Modi is a famous and respected leader in the world, made such radical changes , which will take a bit of time to become effective in this corrupt country, where so-called minorities treated as majorities.
                    Reply
                  2. A
                    ak dev
                    Jun 1, 2017 at 2:27 pm
                    Modi keeps a distance from media. It's fools like you who feeds the media to the liking of Modi. The reasons are known to every opposition leader but they are not honest and continue to lie to public. Say truth and public will appreciate. If you continue believing that Hindu bashing is the only route for Congress survival, better you return to Italy with your mom and sister. India needs patriots and not traitors.
                    Reply
                    1. N
                      Nastik
                      Jun 1, 2017 at 2:39 pm
                      Modi has no choice but keep him away from media so he can't understand the economics . All his slavedo it for him. Trueth hurts.
                      Reply
                      1. K
                        KP
                        Jun 1, 2017 at 3:19 pm
                        Modi ni is world famous leader Rahul needs crutches to stand and chits to understand media coverage is for Pappus not for lions they road and Pappus vanish
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