Say goodbye to $5-trillion economy: Subramanian Swamy on slumped GDP

31 Aug 2019 09:20 PM

Say goodbye to $5-trillion economy: Subramanian Swamy on slumped GDP

Updated 31 Aug 2019 09:20 PM

Subramanian Swamy tweeted, "Get ready to say good bye to ₹ 5 trillion if no new economic policy is forthcoming. Neither boldness alone or knowledge alone can save the economy from a crash. It needs both. Today we have neither."
The Centre’s Narendra Modi government on Friday faced a real crisis after the GDP data for the first quarter of the financial year 2019-20 showed the economy growing by just 5%. This was less than 5.8% quarterly growth registered in the last quarter of the previous financial year and 8% that the Indian economy registered in the first quarter of the last financial year.

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