GDP slips but BJP is only engaged in marketing: Congress

Image
Press Trust of India Bhopal
Last Updated : Jun 13 2017 | 7:28 PM IST
The Congress today slammed the BJP, saying the country is lagging behind in every sector with GDP slipping to 6.1 per cent, while the prime minister-led government was engaged in 'jumlebazi' (rhetoric) and 'marketing'.
"At 7.6 per cent Gross Domestic Product (GDP) in FY16, India was the fastest growing economy. It has now lost this tag with GDP reduced to 6.1 per cent and China took away it," All India Congress Committee spokesperson Priyanka Chaturvedi told reporters here.
Chaturvedi was in city to expose the claims of the BJP government on completion of its three years in power at the Centre.
India's GDP growth rate slowed down to 6.1 in the fourth quarter of 2016-17.
"The Index of Industrial Production was growing at 5.3 per cent in February 2016, which has dropped to 1.9 per cent in March 2017. We are lagging behind in every sector. But, the BJP is engaged only in 'jumlebazi' (rhetoric) and marketing," she said.
The leader also sought to know the amount of black money recovered after last year's demonetisation exercise.
"As claimed by the PM while announcing demonetisation, he should now come up with the figures about the amount of black money recovered during this process. Besides, what happened to terror funding and currency?," she said.
Chaturvedi said the economy is in shambles as even domestic companies are shying away from investing.
"We cannot blame the global slowdown for the dip in GDP or IIP as China has been doing well. Even domestic investors are not ready to invest. Farmers are in a bad shape. Youth are angry as the government had promised two crore new jobs but has failed to keep its word," she claimed.
She said that BJP is trying to deflect public attention from its failures by raking up other issues.
When asked about Congress leader Sandeep Dikshit's comment about Army Chief General Bipin Rawat, she said Congress vice-president Rahul Gandhi has already cleared party's stand on this issue.
Dikshit triggered a controversy with his remarks likening Rawat to a "goon on the street".

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jun 13 2017 | 7:28 PM IST

Next Story