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<p style="text-align:justify"><em>The rate of growth for India’s GDP has just about halved in just three years.</em></p>
<p style="text-align:justify"><em>New Delhi: </em>The Narendra Modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that the government’s fiscal deficit last year was as large as 4.6% of gross domestic product (GDP), much wider than the 3.8%provided in the Budget presented in February earlier this year.</p>
<p style="text-align:justify">On the economy front, the provisional estimates released on Friday showed that the rate of growth in India’s GDP fell steeply to 4.2% in 2019-20 from 6.1% in 2018-19.</p>
<p style="text-align:justify">Look at it another way, the rate of growth for India’s GDP has just about halved in just three years – from 8.3% recorded in 2016-17, the year of demonetisation. There was no respite in 2017-18, either, when the GDP grew by only 7%.</p>
<p style="text-align:justify">The fall in the growth rate in 2019-20 would have been sharper, but for a rebound in agriculture and government expenditure. Agriculture growth bounced back at 4%, almost double the rate in 2018-19, and public administration, defence and other services saw double-digit growth of 10%, compared with 9.4% in 2018-19.</p>
<p style="text-align:justify">Please <a href="https://thewire.in/economy/gdp-growth-rate-slump-another-blow-to-modi-govts-economic-growth-story">click here</a> to read more.</p>
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LATEST NEWS UPDATES | GDP Growth Rate Slump: Another Blow to Modi Govt's Economic Growth Story -AK Bhattacharya </title>
<meta name="description" content="-TheWire.in/ Business Standard
The rate of growth for India’s GDP has just about halved in just three years.
New Delhi: The Narendra Modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that..."/>
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The rate of growth for India’s GDP has just about halved in just three years.
New Delhi: The Narendra Modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that..." />
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New Delhi: The Narendra Modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that the government’s fiscal deficit last...</p>
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<br><small>May 30, 2020</small>
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The Prime Minister's Office (PMO) has refused to disclose details on the creation and operation of the PM CARES Fund, telling a Right to Information applicant that the fund is “not a public authority” under the ambit of...</p>
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The traumatic months of the national lockdown lay bare many troubling truths about the profound estrangement of people of privilege from the working poor. They...</p>
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<br><small>May 30, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
India Coronavirus (Covid-19) Cases Tracker: Almost every other state has seemed reluctant in sharing information, especially those relating to the dead. Only three states, Tamil Nadu, Karnataka and Kerala, routinely provide details of death cases in their states.
India Coronavirus (Covid-19) Cases: For the...</p>
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<br><small>May 30, 2020</small>
<p style="padding-top: 6px;">-The Telegraph
2019-20 economic growth tumbles to 4.2%
India’s economic growth has tumbled to a 12-year low of 4.2 per cent in 2019-20.
What is even worse is that this statistic barely reflects the impact of the coronavirus-induced lockdown, which has silenced the clangour in its factories for...</p>
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<br><small>May 30, 2020</small>
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Fund is not public authority, says reply
The Prime Minister's Office (PMO) has refused to disclose details on the creation and operation of the PM CARES Fund, telling a Right to Information applicant that the fund is “not a public authority” under the ambit of...</p>
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The traumatic months of the national lockdown lay bare many troubling truths about the profound estrangement of people of privilege from the working poor. They...</p>
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<br><small>May 30, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
India Coronavirus (Covid-19) Cases Tracker: Almost every other state has seemed reluctant in sharing information, especially those relating to the dead. Only three states, Tamil Nadu, Karnataka and Kerala, routinely provide details of death cases in their states.
India Coronavirus (Covid-19) Cases: For the...</p>
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<br><small>May 30, 2020</small>
<p style="padding-top: 6px;">-The Telegraph
2019-20 economic growth tumbles to 4.2%
India’s economic growth has tumbled to a 12-year low of 4.2 per cent in 2019-20.
What is even worse is that this statistic barely reflects the impact of the coronavirus-induced lockdown, which has silenced the clangour in its factories for...</p>
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<br><small>May 30, 2020</small>
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Fund is not public authority, says reply
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The traumatic months of the national lockdown lay bare many troubling truths about the profound estrangement of people of privilege from the working poor. They...</p>
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<br><small>May 30, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
India Coronavirus (Covid-19) Cases Tracker: Almost every other state has seemed reluctant in sharing information, especially those relating to the dead. Only three states, Tamil Nadu, Karnataka and Kerala, routinely provide details of death cases in their states.
India Coronavirus (Covid-19) Cases: For the...</p>
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<br><small>May 30, 2020</small>
<p style="padding-top: 6px;">-The Telegraph
2019-20 economic growth tumbles to 4.2%
India’s economic growth has tumbled to a 12-year low of 4.2 per cent in 2019-20.
What is even worse is that this statistic barely reflects the impact of the coronavirus-induced lockdown, which has silenced the clangour in its factories for...</p>
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LATEST NEWS UPDATES | GDP Growth Rate Slump: Another Blow to Modi Govt's Economic Growth Story -AK Bhattacharya
-TheWire.in/ Business Standard
The rate of growth for India’s GDP has just about halved in just three years.
New Delhi: The Narendra Modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that the government’s fiscal deficit last...
-The Hindu
Fund is not public authority, says reply
The Prime Minister's Office (PMO) has refused to disclose details on the creation and operation of the PM CARES Fund, telling a Right to Information applicant that the fund is “not a public authority” under the ambit of...
-The Hindu
There is a collective culpability in the social crime during the lockdown — of the dispossession of India’s working poor
The traumatic months of the national lockdown lay bare many troubling truths about the profound estrangement of people of privilege from the working poor. They...
-The Indian Express
India Coronavirus (Covid-19) Cases Tracker: Almost every other state has seemed reluctant in sharing information, especially those relating to the dead. Only three states, Tamil Nadu, Karnataka and Kerala, routinely provide details of death cases in their states.
India Coronavirus (Covid-19) Cases: For the...
-The Telegraph
2019-20 economic growth tumbles to 4.2%
India’s economic growth has tumbled to a 12-year low of 4.2 per cent in 2019-20.
What is even worse is that this statistic barely reflects the impact of the coronavirus-induced lockdown, which has silenced the clangour in its factories for...
