Congress leader Rahul Gandhi on Friday said that Prime Minister Narendra Modi needed to understand that the economy cannot grow on diktats,...
Congress leader Rahul Gandhi on Friday said that Prime Minister Narendra Modi needed to understand that the economy cannot grow on diktats, hours after government data revealed that the Indian economy has slipped into a technical recessionary phase for the first time ever.
“Under PM [Narendra] Modi, India’s economy is officially in a recession for the first time ever,” Gandhi tweeted. “More importantly, 3 crore people are still looking for work under MNREGA [Mahatma Gandhi National Rural Employment Guarantee Act]. Economy cannot be ordered to grow by diktats. PM needs to first understand this basic idea.”
Under PM Modi, India's economy is officially in a recession for the first time ever.
— Rahul Gandhi (@RahulGandhi) November 27, 2020
More importantly, 3 crore people are still looking for work under MNREGA.
Economy cannot be ordered to grow by diktats. PM needs to first understand this basic idea.
On Friday, data showed that the country’s Gross Domestic Product growth rate contracted by 7.5% for the second quarter – July-September – of the current financial year. India’s economy had contracted by an unprecedented 23.9% in the first quarter of this financial year, after being hit by the coronavirus pandemic and the subsequent economic slowdown.
A country’s economy is said to be in the technical recessionary phase when...
