New Delhi: Congress President Rahul Gandhi on Saturday took a jibe at Prime Minister Narendra Modi and Finance Minister Arun Jaitley after CSO projected India’s GDP growth at a four-year low of 6.5 per cent in 2017-18.
Rahul Gandhi, who had coined terms like “Gabbar Singh Tax” for GST and “Fake in India” for Make in India, came up with one more, ‘Gross Divisive Politics’ to describe Modi’s GDP.
Rahul, sharing a link of GDP projection story in his tweet said Finance Minister Arun Jaitley’s “genius” and Modi’s “Gross Divisive Politics” has severely dented India’s economy.
FM Jaitley’s genius combines Mr Modi’s Gross Divisive Politics (GDP) to give India: New Investments at 13-year low, Bank credit Growth at 63-year low, Job creation at 8-year low, Agriculture GVA growth at 1.7% low, while Fiscal Deficit rose to 8-year high and the number of Stalled Projects also went up, said the Congress President in his tweet.
Rahul Gandhi’s tweet came a day after the Central Statistics Office (CSO) projected India’s GDP growth at four-year low of 6.5 per cent in 2017-18.
“The growth in GDP during 2017-18 is estimated at 6.5 per cent as compared to the growth rate of 7.1 per cent in 2016- 17,” said the Central Statistics Office (CSO) while announcing the first advance estimates of National Income 2017-18.
It was 7.5 per cent in 2014, the year Narendra Modi-led NDA government had assumed office. The growth of real Gross Value Added (GVA) in 2017-18 is anticipated at 6.1 per cent as against 6.6 per cent in the previous year.
PM Modi’s sudden demonetisation move and “unplanned” tax reform GST have affected Economic activities. Rahul Gandhi has been overtly critical of Prime Minister’s note ban move and implementation of the Good and Services Tax (GST).