You are here: Home » Politics » News » National
Business Standard

'Economic tsunami': Priyanka Gandhi attacks Centre over plummeting GDP

Congress leader Priyanka Gandhi Vadra on Tuesday attacked the Centre and said that her brother and former party president Rahul Gandhi had predicted about the "economic tsunami" six months ago.

Topics
Priyanka Gandhi | Indian Economy | India GDP growth

ANI  |  General News 

Priyanka Gandhi

Congress leader Vadra on Tuesday attacked the Central government over the plummeting GDP growth and said that her brother and former party president Rahul Gandhi had predicted about the "economic tsunami" six months ago.

"Six months back, Rahul Gandhi warned about the economic tsunami. During the coronavirus crisis, a relief package was introduced for the namesake. Look at the situation now, the GDP is -23.9 per cent," she tweeted. (translated from Hindi)

India's GDP growth rate dropped to -23.9 per cent in the first quarter of the current fiscal due to COVID-19 induced lockdown.

''GDP in Q1 of 2020-21 is estimated at Rs 26.90 lakh crore, as against Rs 35.35 lakh crore in Q1 of 2019-20, showing a contraction of 23.9 per cent as compared to 5.2 per cent growth in Q1 2019-20,'' according to data released by the government on Monday.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 01 2020. 17:37 IST
RECOMMENDED FOR YOU