Monday, March 4, 2024

Annual growth rates over longer period matters: Cong

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The Congress on Sunday said Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman are “repeatedly talking up” transformative GDP growth based on the recent July-September numbers but what matters more is annual growth rates over a longer period.
Annual average GDP growth rate during the UPA government was 8.1 per cent against 5.4 per cent under the current dispensation, it further said. The Congress’ attack comes after Modi said last week that the GDP growth figure for the second quarter of this fiscal displayed the resilience and strength of the Indian economy amid testing times globally. In a post on X, Congress General Secretary Jairam Ramesh said, “The PM and the FM are repeatedly talking up the ‘transformative GDP growth in India’ based on the recent numbers for July-September 2023.”

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