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Nobody outside India calls 5.7% growth a slowdown: EC chief Juncker

European Commission chief says it is much better than that clocked by major economies of Europe

Press Trust of India  |  New Delhi 

Narendra Modi, Donald Franciszek Tusk, Jean-Claude Juncker
Prime Minister Narendra Modi with Donald Franciszek Tusk, President of the European Council and Jean-Claude Juncker, President of the European Commission before their meeting at Hyderabad House in New Delhi.

Domestic criticism of economic notwithstanding, the President today said nobody outside India calls its 5.7 per cent GDP as a as it is much better than that clocked by major economies of

"What you are calling a would be a major performance in 5.7 per cent by comparison to 2 per cent in is showing that India is doing well. I wouldn't be too afraid of what you are calling

"Nobody outside India is calling this a slowdown," he said on the sidelines of India-European Union Business Forum here.

The comment comes amidst intense criticism in the country over its economic rate slowing down to three-year low of 5.7 per cent in the first quarter ended June due to demonetisation and implementation of

World Bank President Jim Yong Kim had said yesterday that the recent slowdown in India's economic growth is an "aberration" mainly due to the temporary disruptions in preparation for the Goods and Services Tax (GST) and it will get corrected in the coming months.

Senior BJP leader Yashwant Sinha had in a recent article headlined "I need to speak up now", described the economy as a "mess" that will not resuscitate before the next general elections in 2019.

Sinha had said the purpose of highlighting the concerns about the economy through an article was to bring certain issues in public domain so that the government does a course correction. He said he did not expect his article to create "such a furore".

First Published: Sat, October 07 2017. 02:49 IST