{"id":26320,"date":"2020-05-30T07:35:45","date_gmt":"2020-05-30T02:05:45","guid":{"rendered":"https:\/\/kashmir.today\/gdp-numbers-a-telling-commentary-of-bjps-economic-management-says-congress\/"},"modified":"2020-05-30T07:35:45","modified_gmt":"2020-05-30T02:05:45","slug":"gdp-numbers-a-telling-commentary-of-bjps-economic-management-says-congress","status":"publish","type":"post","link":"https:\/\/kashmir.watch\/?p=26320","title":{"rendered":"GDP numbers a telling commentary of BJP\u2019s economic management, says Congress"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><em>Former Union minister Jairam Ramesh alleged that Prime Minister Narendra Modi was in denial mode.<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Congress on Friday said the low GDP growth in the last quarter of 2019-20 was \u201ca telling commentary\u201d on the BJP-led government\u2019s economic management and its misplaced priorities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a series of tweets, former Finance minister P. Chidambaram said the GDP numbers did not fully capture the impact of the four stages of lockdown that started on March 25 .<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe had forecast that GDP for Q4 will touch a new low at below 4 per cent. It has turned out to be worse at 3.1 per cent. Remember, this is pre-lockdown. Of the 91 days of Q4, lockdown applied only to 7 days. It is a telling commentary on the economic management of the BJP government,\u201d Mr. Chidambaram tweeted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201c3.1 pc and 4.2 pc &#8211; these are not merely numbers. This is the product of BJP Govt\u2019s failures and misplaced priorities,\u201d the Congress party said on its official Twitter handle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Former Union minister Jairam Ramesh alleged that Prime Minister Narendra Modi was in denial mode. \u201cLet it sink in. Latest Q4 GDP growth is the lowest in 11 years since India was hit by the global financial crisis. Figure includes only 1 week of lockdown. Mr. Modi managed to run down Indian economy BEFORE lockdown. Expect more \u2018naatakbaazi\u2019 (drama) from its \u2018ustad\u2019 tomorrow,\u201d he tweeted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIf the Modi government continues to be in denial about how badly it has managed the economy, India will truly be \u2018parm-atma-nirbhar\u2019 (dependent on God),\u201d Mr. Ramesh added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Congress spokesperson Gaurav Vallabh said this was the lowest GDP growth rate in the last 44 quarters. He said manufacturing at minus 1.4% clearly indicated that demand had collapsed in the economy and was a cause for concern and a failure of the \u2018Make in India\u2019 program.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWho is to be held accountable for the continuous slide in the economy since the last 4 years,\u201d Mr. Vallabh asked and added, \u201cWe demand an explanation to the nation about the failure of the much-marketed \u2018Make In India\u2019 program. Government should come ahead and accept the failure of demonetisation and faulty implementation of GST\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>With inputs from <\/em><em><a href=\"https:\/\/www.thehindu.com\/news\/national\/gdp-numbers-a-telling-commentary-of-bjps-economic-management-says-congress\/article31707460.ece\">The Hindu<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Union minister Jairam Ramesh alleged that Prime Minister Narendra Modi was in denial mode. The Congress on Friday said the low GDP growth in the last quarter of 2019-20 was \u201ca telling commentary\u201d on the BJP-led government\u2019s economic management and its misplaced priorities. In a series of tweets, former Finance minister P. Chidambaram said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-26320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national"],"_links":{"self":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/26320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26320"}],"version-history":[{"count":0,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/26320\/revisions"}],"wp:attachment":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}