The Congress in Assam on Wednesday accused Prime Minister Narendra Modi of diverting the attention of the people from the economic slowdown by bringing up issues such as Article 370, triple talaq and Ram Mandir.
There are signs of severe slowdown in the Indian economy under the Narendra Modi government, state Congress president Ripun Bora told a press conference here.
The GDP growth rate has declined to 5.8 per cent between January-March this year, inflation rate is 3.2 per cent, Bora claimed.
Tax revenue has declined, unemployment rate is high and real estate and automobile sectors have nearly stalled, the Congress leader said.
"The prime minister is bringing up issues like Art 370, triple talaq and Ram Mandir to divert the attention of the people from the economic slowdown," Bora alleged.
He also quoted a global economic organisation report which asserted that a great depression will hit India in the next six months.
Bora said, "There is over six per cent rate of unemployment which is the highest in the last 45 years. There is also huge job loss since the demonetisation. Ten lakh jobs are estimated to be lost in the next two months."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
