Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
February 19, Monday 2018 1:39 PM       

       HEADLINES: Govt warns of seizing buses if strike continues                                              Scotch to be available in BEVCO                                              Shuhaib murder: There’ll be no intervention in probe, says Kodiyeri                                              CM, ministers go to Thrissur, administration may freeze                                              No murder can be accepted: VS                                              Former PNB official used, shared bank passwords to help Nirav Modi                                              NCP candidate Jonathone Sangma killed by terrorists in Meghalaya                                              Passenger plane carrying 66 people crashes in southern Iran                                              Iran greatest threat to world: Netanyahu                                              Russian church shooting leaves 4 dead                                              ISL: Kerala Blasters pips North East United 1-0                                              J'burg T20I: India look to extend dominance against Proteas                                              J'burg WT20I: SA win toss, ask Indian eves to bat first                                              J'burg T20: Bhuvi's fiver seals victory for India                                              Kaumudi Facebook
       BUSINESS Next Article: Trump, Modi speak over phone; express satisfaction over GES  
       Manmohan Singh downplays 6.3% GDP growth
 
         Posted on :18:24:11 Dec 2, 2017
   
A A
       Last edited on:18:24:11 Dec 2, 2017
         Tags: Manmohan Singh downplays 6.3% GDP growth
 

SURAT: Senior Congress leader and former prime minister Manmohan Singh on Saturday downplayed the rise in the GDP growth levels in the second quarter and said that it is less than the UPA government's 10-year average growth rate.

India's Gross Domestic Products (GDP) on Thursday surged by 6.3 per cent in the second quarter of 2017-18 from a three-year low of 5.7 per cent in first quarter.

Addressing media here, the former prime minister said, "There still remains considerable uncertainty over the growth of the GDP. The RBI forecasts that growth in 2017-19 will pick up to 6.7 per cent. However, even if the growth picks up to 6.7 per cent in 2017-18, Modiji's four year average growth rate will be only 7.1 per cent. To equal the UPA's ten year average, the economy will have to grow at 10.6 per cent in the fifth year. I would be happy if this was to happen but frankly I do not think it will."

Continuing his tirade against the Prime Minister Modi government's economic policies, Singh said that the demonetisation cost the country Rs. 1.5 lakh crore in economy while GDP growth rate fell to 5.7 per cent in the first quarter.

Terming the Goods and Services Tax (GST) as tax terror, Singh said the BJP government's version was 'poorly designed', 'badly implemented' and 'brought about in such a tearing hurry'.

A A
       BUSINESS
Next Article: Trump, Modi speak over phone; express satisfaction over GES
 
 
BUSINESS HEADLINES
'Maharashtra has great business potential'  
Sensex drops 195 pts, Nifty below 10,400  
Reliance to invest 60,000 cr in Maharashtra  
Retailers accused of levying GST over MRP  
Citizens urge reduction of GST on sanitary napkins  
India, Iran sign double taxation pact  
Refer to these fintech startups for range of medical loans  
SBI launches Global NRI Center to enhance customer experience  
Nifty drops 93 points, ends below 10,500  
Will ask visually challenged to examine new notes: HC  
US dollar ends higher against rupee  
Controversial Economist predicts that India could dethrone western wealth and power  
TCS launches Enterprise Data Lake on Amazon Web  
Budget 2018: Arun Jaitley's education reforms pave way for quality education  
Sensex rises over 200 points, Nifty near 10600  
Sensex extends rally, rises 173 pts on positive macro data  
PM woos investors at Oman-India business meeting  
No change in foodgrain prices  
Punjab National Bank detects $1.77 billion worth of fraudulent transactions, CBI probe ordered  
Chorus of dissent against budget grows: Chidambaram  
TCS among top three employers in N America 2018  
RBI rolls out new stressed assets framework to tackle bad loan problem  
Sensex recovers 260 points, Nifty above 10,500-mark  
15 months after note ban, RBI still processing returned notes  
Union Budget has failed people of India: Chidambaram  
 
Do you think Kerala govt is a failure in mantaining law and order in the State?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy