New Delhi, Jan 6: Launching a scathing attack on Modi-led government over the estimate of India’s GDP growth rate, which is pegged at 6.5%- a four low, Congress leader Anand Sharma on Saturday said the state of the economy is a matter of great concern and all the parameters are going down.
Addressing a presser, he said the National investment rate has also decreased and Manufacturing has also fallen.
State of the economy is a matter of great concern.All the parameters are going down.National investment rate has also fallen: Anand Sharma,Congress pic.twitter.com/fVoR6F3HhE
— ANI (@ANI) January 6, 2018
The Congress leader’s remark comes a day after, Ministry of Statistics and Programme Implementation said that the growth in GDP during 2017-18 is estimated at 6.5% in comparison to growth rate of 7.1% in 2016-17, which is a four year low.
According to the estimate data released by the Central Statistics Office (CSO), Real GDP at constant (2011-12) prices in the year 2017-18 is likely to achieve a level of Rs 129.85 lakh crore, as against the Provisional Estimate of GDP for the year 2016-17 of Rs 121.90 lakh crore, released on May 31, 2017.
Earlier, the country’s GDP growth for the second quarter of the current fiscal that ended on September 30 was up by 6.3 percent — a three-year low of 5.7% GDP growth in the June quarter.