New Delhi: Leader of Opposition in the Lok Sabha and Congress leader Rahul Gandhi on Sunday said that the India’s Gross Domestic Product (GDP) growth rate has gone down to its lowest in two years at 5.4 per cent.
He pointed out that the Indian economy cannot advance if its benefits are restricted to a few billionaires, while farmers, labourers, the middle class, and the poor keep enduring economic ordeals and struggles.
Taking to X, Rahul Gandhi wrote: “India’s GDP growth rate has fallen to its lowest in two years at 5.4%. The thing is clear – the Indian economy cannot progress as long as its benefits are accruing only to a handful of billionaires and the farmers, labourers, middle class and the poor are struggling with various economic problems.”
He underlined that the retail inflation has shot up to 6.21 per cent with potato and onion prices rising by almost 50 per cent and the rupee has gone down to 84.50.
Rahul Gandhi pointed out, “Take a look at these facts, see how worrying the situation is: Retail inflation has risen to a 14-month high of 6.21%. The price of potatoes and onions has increased by almost 50% this year compared to October last year. Rupee has reached its lowest level of 84.50. Unemployment has already broken the record of 45 years.”
The Congress leader also claimed that in the last five years, the income of labourers, employees and small businessmen has either stagnated or fallen substantially. He said that demand had decreased due to reduced income, with the share of cars priced below Rs 10 lakh dropping to less than 50 per cent from 80 per cent in 2018-19.
भारत की GDP ग्रोथ रेट दो साल में सबसे नीचे 5.4% पर आ गई है।
बात साफ है – भारतीय अर्थव्यवस्था तब तक तरक्की नहीं कर सकती जब तक इसका फ़ायदा सिर्फ़ गिने-चुने अरबपतियों को मिल रहा हो और किसान, मज़दूर, मध्यमवर्ग और ग़रीब तरह-तरह की आर्थिक समस्याओं से जूझ रहे हों।
इन तथ्यों पर एक नज़र…
— Rahul Gandhi (@RahulGandhi) December 1, 2024
He wrote, “The share of affordable homes in total sales has dropped to around 22% from 38% last year. The demand for FMCG products is already declining. The share of corporate tax has decreased by 7% in the last 10 years, while income tax has increased by 11%.”
“Due to demonetisation and GST, the share of manufacturing in the economy has fallen to just 13%, the lowest in 50 years. In such a situation, how will new job opportunities be created?” he asked.
The Leader of Opposition in Lok Sabha called for a new thinking for India’s economy and a new deal for businesses. “Everyone will get an equal opportunity to move forward, only then will the wheel of our economy move forward.”
