Comparing India’s high GDP growth rate with America’s one per cent, Republican presidential nominee Donald Trump has promised to deliver four per cent GDP growth and create 25 million new jobs in the US over the next decade.
“Indians are not satisfied growing at the rate of eight per cent whereas for the United States and its people, a low growth of one per cent is considered fine,” the real estate tycoon said at an election rally in North Carolina. Underlining the need for economic growth, Trump said that high growth rate is essential for the US to become a strong and great nation again.
“Strength will also require growth. Right now our economy is not growing at all. We had only around one per cent growth last quarter. GDP is a disaster. When China has one per cent it is over, but they don’t have one per cent. They have seven per cent, that is considered terrible,” he said.
Trump, 70, also said that his rival and Democratic presidential nominee Hilary Clinton will lead America to negative growth rate. “If Hillary gets in she is going to raise your taxes and the one per cent is going to be negative and that is going to be almost unheard of,” he said.
“If she (Hillary) gets in, you are gonna have such negative growth, you will have problems like you have never had before, and our companies and our jobs will flee,” he added.
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Trump, who is a billionaire himself, promised to deliver high growth rates if elected to the White House in November elections.
“I am going to get us to four per cent growth and create 25 million jobs over a 10-year period,” Trump said. “Your jobs will come back under Trump administration. Your incomes will go up under Trump administration. Your taxes will go way, way down under a Trump administration,” he said. “Your companies won’t be leaving North Carolina under a Trump administration. There will be consequences for that. We will be strong and a really strong and powerful nation again,” Trump said.
Asserting that American military is depleted, he said, “We gonna build it up. America has grown weak, and so weak that the Philippines have broken with decades of pro-American foreign policy, to instead leave for the orbit of China and Russia,” said the Republican leader.