Ahmedabad: Congress president Rahul Gandhi took to Twitter to attack Prime Minister Narendra Modi and Union finance minister Arun Jaitley a day after the Central Statistics Office (CSO) issued its forecast for economic growth for the year ending 31 March, attributing the numbers to Jaitley’s “genius” and Modi’s “Gross Divisive Politics.”
FM Jaitley’s genius combines with Mr Modi’s Gross Divisive Politics (GDP) to give India:— Office of RG (@OfficeOfRG) January 6, 2018
New Investments: 13 year ?
Bank credit Growth: 63 year ?
Job creation: 8 year ?
Agriculture GVA growth: 1.7%?
Fiscal Deficit: 8 year????
Stalled Projects ????https://t.co/bZdPnREYiE
The CSO on Friday said it expects India’s gross domestic product (GDP) to grow 6.5 percent in the 2017-18 fiscal year—the lowest in four years and down from 7.1 percent in 2016-2017.
Economic affairs secretary Subhash Chandra Garg, however, indicated there was a turnaround in the economy. “GDP growth of 6.5 percent for 2017-18 implies growth of 7 percent for the second half. This confirms strong turnaround of the economy. Investment growth of almost twice that of last year’s indicates investment is reviving,” he said.
The opposition Congress had on Friday strongly criticized Modi and Jaitley on demonetization and the Goods and Services Tax (GST), saying “they are squarely responsible for the Economy’s downturn.”
The GDP growth forecast came on the same day that parliamentary affairs minister Ananth Kumar said the first budget session will be held from 29 January to 9 February and the second from 5 March to 6 April. The Union budget, expected to be the last full one for the current Bharatiya Janata Party (BJP) government, will be presented on 1 February.