Congress leader Rahul Gandhi on Sunday expressed concern over India’s declining GDP rate in X post. He wrote – As long as a handful of billionaires keep getting the benefit of the country’s economy, the economy cannot move forward. He wrote – India’s GDP growth rate has come down to 5.4%, the lowest in two years. It is clear that the Indian economy cannot progress as long as its benefit is being received by only a few billionaires. Farmers, laborers, middle class and poor are facing various economic problems. Rahul said that the rupee has reached its lowest level of 84.50 against the dollar. Unemployment has already broken the record of 45 years. In the last 5 years, the income of laborers, employees and small businessmen has either stagnated or has reduced considerably. Issues included in Rahul’s X post… Data of National Statistical Office – GDP growth declined to 5.4% between July and September, this is the lowest in 21 months The National Statistical Office released data on November 29 and said that India’s GDP growth has come down to 5.4% in the July-September quarter of FY 2025. This is the slowest growth in seven quarters. GDP growth has slowed due to poor performance of the manufacturing sector. Earlier, the growth was 4.3% in the third quarter of 2023. At the same time, it was 8.1% in the same quarter a year ago (Q2FY24). In the previous quarter i.e., Q1FY25, it was 6.7%. India’s GVA grew at the rate of 5.6% in the July-September quarter. GVA growth was 7.7% in the same quarter a year ago. At the same time, GVA growth was 6.8% in the previous quarter. Sector wise growth on year-on-year basis (FY25 Vs FY24) India is still the fastest growing economy among major countries
Despite slow GDP growth, India still remains the fastest growing economy among major economies. China’s GDP growth was 4.6% in the July-September quarter this year. At the same time, Japan’s GDP has grown at the rate of 0.9%. GDP measures the value of goods and services
GDP i.e. Gross Domestic Product measures the total value of goods and services produced in the country within a period. It also includes foreign companies which produce while staying within the country’s borders. GDP tells the health of the economy. GDP is of two types, real and nominal
GDP is of two types. In real GDP, the value of goods and services is calculated on the value or stable price of the base year. Currently, the base year for calculating GDP is 2011-12. At the same time, nominal GDP is calculated on current price. Rahul Gandhi had said – Demonetisation destroyed MSME Rahul Gandhi had targeted the Modi government on the completion of 8 years of demonetisation on 8 November. He had said – Demonetisation has promoted monopoly by destroying MSME and the informal sector. More cash is being used in India today than 8 years ago. Rahul had said that inefficient and ill-intentioned policies that create an atmosphere of fear for businesses will destroy India’s economic potential. Sharing a chart, he had said that the cash with the public had decreased from 11 percent of GDP in 2013-14 to 8 percent in 2016-17 and has now increased to 14 percent of GDP in 2020-21. Read the full news… …………………………….. Other news related to Rahul Gandhi… Rahul said in Wayanad – Law is different for Adani: Modi ji says the case may run in America, but it will not run in India Priyanka Gandhi reached Wayanad in Kerala for the first time on 30 November after becoming an MP. Rahul Gandhi was also with her. Rahul said here – The Constitution says that all people should be treated equally. Prime Minister Modi says that Adani will be treated differently from every other Indian. The Prime Minister says that even if the case runs in America, we will not file a case against him in India. Read the full news… Rahul said – PM Modi is protecting Adani: Even after committing a scam of ? 2000 crores, BJP had said on 21 November that there was no BJP government in the four states named in the US case against Adani Group. There was a Congress government in Chhattisgarh and its ally party in Tamil Nadu. Party spokesperson Sambit Patra said in a press conference that Rahul Gandhi is tarnishing the image of Prime Minister Modi. He had raised the Rafale issue in 2019, but later he had to apologize in the Supreme Court. Read full news…
