Rahul Gandhi takes dig at PM Modi, Nirmala Sitharaman over economy
New Delhi/IBNS: Ahead of the annual budget on Feb 1, Congress leader Rahul Gandhi on Wednesday took a dig at Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman over falling economy.
Gandhi took to Twitter on Wednesday to say, "Modi & his dream team of economic advisors have literally turned the economy around. Earlier: GDP: 7.5% Inflation: 3.5% Now: GDP: 3.5% Inflation: 7.5% The PM & FM have absolutely no idea what to do next."
Modi & his dream team of economic advisors have literally turned the economy around.
— Rahul Gandhi (@RahulGandhi) January 29, 2020
Earlier:
GDP: 7.5%
Inflation: 3.5%
Now:
GDP: 3.5%
Inflation: 7.5%
The PM & FM have absolutely no idea what to do next. #Budget2020
In the last quarter of fiscal year 2019-2020, the Gross Domestic Product (GDP) fell to 4.5%.
Meanwhile, the government has predicted a 5 per cent GDP for the next quarter.
Just days ago, the International Monetary Fund (IMF) in its World Economic Outlook in Davos said the domestic demand in India reduced "more sharply than expected" apart from the stress in "non-bank financial sector" and a "decline in credit growth".
The IMF has put up a revised India's Gross Domestic Product (GDP) at 4.8% for 2019-2020.
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