The GDP contraction is the sharpest contraction since quarterly figures began being revealed in 1996 and worse than what was anticipated by most analysts
New Delhi: The Congress on Tuesday attacked the Centre over the GDP droop, with former occasion chief Rahul Gandhi alleging that the “ruining” of the economy began with demonetisation and the federal government thereafter launched one “erroneous” coverage after one other.
The nation’s economy suffered its worst droop on file in April-June, with the gross home product (GDP) contracting by 23.9 p.c as the coronavirus-associated lockdown weighed on the already declining client demand and funding.
“GDP -23.9. The ruining of the country’s economy began with demonetisation. Since then, the government introduced one erroneous policy after another,” Rahul Gandhi stated in a tweet.
देश की अर्थव्यवस्था की बर्बादी नोटबंदी से शुरू हुई थी।
तब से सरकार ने एक के बाद एक ग़लत नीतियों की लाइन लगा दी।https://t.co/rNewLiHfB2
— Rahul Gandhi (@RahulGandhi) September 1, 2020
Congress chief Priyanka Gandhi Vadra additionally alleged that the federal government was accountable for the droop in the economy.
Rahul Gandhi had spoken of an “economic tsunami” six months in the past, whereas the federal government introduced a package deal only for “show” and take a look at the situation now, Priyanka Gandhi stated in a tweet in Hindi.
आज से 6 महीने पहले राहुल गांधी जी ने आर्थिक सुनामी आने की बात बोली थी।
कोरोना संकट के दौरान हाथी के दांत दिखाने जैसा एक पैकेज घोषित हुआ।
लेकिन आज हालत देखिए।
जीडीपी @ -23.9% जीडीपी।
भाजपा सरकार ने अर्थव्यवस्था को डुबा दिया। pic.twitter.com/nbeg5j0pdK
— Priyanka Gandhi Vadra (@priyankagandhi) September 1, 2020
The BJP authorities has prompted a droop in the economy, she alleged.
Congress’ chief spokesperson Randeep Surjewala stated in a tweet in Hindi, “Modi Ji, at least now accept that what you hailed as masterstrokes were actually ‘disaster strokes’ demonetisation, faulty GST and lockdown.”
6 Years of Govt – “Acts of Fraud” !
Last three months- “Act of God” ?
Fraud on People, Blame on God !!!
MODI HAI TO YE BHI MUMKIN HAI !#GDP2020
— Randeep Singh Surjewala (@rssurjewala) September 1, 2020
The GDP contraction is the sharpest contraction since quarterly figures began being revealed in 1996 and worse than what was anticipated by most analysts.
Chief Economic Adviser KV Subramanian, nevertheless, has stated the economy is “experiencing a V-shaped recovery” after the lockdown eased.
Find newest and upcoming tech devices on-line on Tech2 Gadgets. Get know-how information, devices evaluations & rankings. Popular devices together with laptop computer, pill and cellular specs, options, costs, comparability.