Newly elected President of Indian National Congress, Rahul Gandhi targeted Prime Minister Modi and Finance Minister Arun Jaitley for the slowdown in job creation, investment, bank credit growth and agricultural growth. In 2017, Rahul Gandhi coined the term “Fake in India” and “Gabbar Singh Tax”, today came up with ‘Gross Divisive Politics’ or GDP to describe his thoughts on Prime Minister Modi’s political style.
Rahul Gandhi, a fierce critic of GST and note ban took to the social media site Twitter to mention his version of GDP, but he was talking really about the growth projections released yesterday for 2017-2018. GDP or Gross Domestic Product is expected to be 6.5 percent in the country for the financial year 2017-2018, and it is lower than the year-ago period’s 7.1 percent as per the report by Central Statistics office.
PM Modi and Finance Minister Arun Jaitley both were on the target of Rahul Gandhi for the slowdown in investment, job creation, bank credit growth and agricultural growth. He said in a tweet, “FM Jaitley’s genius combines with Modi’s Gross Divisive Politics (GDP) to give India: New Investments: 13 year (low), Bank credit Growth: 63 year (low), Job creation: 8 year (low), Agriculture GVA growth: 1.7% (low) Fiscal Deficit: 8 year (high), Stalled Projects (high)”.
Mr. Gandhi also tweeted a news report in which the Central Statistics Office (CSO) has projected that economic growth rate for the financial year 2017-18 will be lower than the 7.1 percent that was achieved in the last financial year 2016-17. Implementation of the Goods and Services Tax and subsequent slowdown in the manufacturing sector was expected to drag down India’s growth to 6.5 percent in 2017-18, official data showed on Friday.
The ‘gross divisive politics’ jibe follows Rahul Gandhi’s much talked about phrases including ‘Gabbar Singh Tax’ for GST, ‘Fake in India’ for Make in India campaign and ‘Suit Boot ki Sarkar’ as a reference to PM Modi’s monogrammed suit. Rahul Gandhi’s jibe came at a time when the Congress spokesperson Randeep Surjewala had already posted on Twitter that “Modinomics + Jaitlinomics = Declining Economy.
Randeep Surjewala said that private consumption, agriculture, industry and government expenditure, all have recorded declining growth rate in the last financial year 2017-18 compared to 2016-17 while fiscal deficit went up in the ongoing financial year.
In the tweet posted on the official twitter handle of Congress President Rahul Gandhi, he said that the fresh investment in the economy was at a 13-year low, job creation at 8-year low, bank credit growth at 63-year low, agriculture gross value added (GVA) at 1.7 percent while fiscal deficit was heading for an 8-year high and projects were being stalled under the current central government.
Rahul Gandhi, while mocking the economic performance of the NDA government said, “Finance Minister Mr. Arun Jaitley’s genius combines with Prime Minister Modi’s Gross Divisive Politics (GDP) to give India.”
