Slump in GDP 'Modi-made disaster', not due to global issues: Congress

The Congress on Friday hit out at the government, saying the slump in GDP is a "Modi-made disaster", and demanded that a financial emergency be declared in the country.

The truth can no longer be hidden despite "headline management" by the ruling dispensation, the opposition party said.

Sharp deceleration in manufacturing output and subdued farm sector activity pulled down India's gross domestic product (GDP) growth to over six-year low of 5 per cent in the April-June quarter of 2019-20, according to official data released on Friday.

Global issues had no role play in the slump in GDP, the Congress claimed, adding that a white paper should be released on the "shrinking economy and rising frauds".

"GDP growth tanks to 5 pc. Demonetisation, hasty GST, and incompetence continue to show results. Slump is not due to global issues. It is a pure 'Modi-made' disaster," Congress spokesperson Rajeev Gowda tweeted, using the hashtag "ModiHaiToMandiHai".

"Can economy get any worse and new distractions emerge? Keep your seat belts on," he said.

The Congress said low GDP growth was expected and alleged that the BJP-led central government had single-handedly "murdered" the Indian economy.

The party tweeted, "as predicted, GDP growth is lower - 5 pc in Q1 of 2019-20 (lowest in 5 years)."
"Convenient time to hold a PC and attempt headline manipulation, but you can't hide from the truth Madam FM Nirmala Sitharaman," it said
Congress chief spokesperson Randeep Surjewala said the financial mismanagement and a spate of economic emergency prevails and pervades the entire economy. "The dismal and disappointing GDP data only reflects it."
The economy can be summarised in bank frauds that increased by 74 pc. The GDP has fallen at a five year low, industries are dissolving like 'biscuits in a tea cup' and jobs are evaporating faster than acetone, Shergill claimed