GDP

02 Sep

Rahul Gandhi Tweets List Of “ModiMade Disasters” In New Attack On Center

editor0 CommentsNorth EastGDP, GOVERNMENT, Modi, POLITICS, RAHULGANDHI, UNEMPLOYMENT

Mr Gandhi's attack picked up from where party colleague P Chidambaram left off . Mr Chidambaram told NDTV that the country should not "blame God for a manmade disaster" - a two-in-one swipe at Finance Minister Nirmala Sitharaman's "act of God" remark and the sharp fall in GDP. RAHUL GANDHI TWEETED:"India is reeling under Modi-made disasters: Historic GDP reduction -23.9%; Highest Unemployment in 45 years; 12 crore job loss; Center not paying states GST dues; Globally highest COVID-19 daily cases, deaths; External aggression at our borders,"

01 Sep

Q1 GDP data: Employment-creating sectors get hit drastically

editor0 CommentsBusinessECONOMY, GDP, INDIA, INDIANECONOMY, UNEMPLOYMENT

The April-June quarter GDP data, released on Monday, showed thedeepest damage in the employment-creating sectors, likeconstruction and manufacturing. This comes at a time the Centreand the Finance Ministry are talking about green shoots in theeconomy. According to the data released by the National Statistical Office, theconstruction sector fell a staggering 50.3 per cent, whilemanufacturing sector contracted by 39.3 per cent, at constantprices. Almost all the major sub-sectors reported a contraction, withconstruction activities, manufacturing sector and trade, hotels, andtransport in the services sector being hit the worst hit. Thecontraction in some services is large, and as these continue to beunder restricted…