Congress leader Rahul Gandhi on Friday attacked the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government over the International Monetary Fund’s (IMF) projection of India’s gross domestic product (GDP) during this fiscal year amid the coronavirus disease. Gandhi’s taunt featured neighboring countries like Pakistan and Afghanistan, a day after he had picked Bangladesh’s example to launch the jibe.
This points to a downwards revision from the IMF’s previous prediction in June when it said output would decline 4.5% while in April it had said the economy would expect a growth of 1.9%.
However, the government had downplayed IMF projections, saying the per capita GDP has increased from Rs 83,091 in 2014-15 to Rs 1,08,620 in 2019-20, which points to an increase of 30.7%, according to news agency PTI.
The IMF expects India to grow 8.8% next year. The international body has also warned that the global economy’s recovery is tentative and uneven and “marked by significant uncertainty” as the coronavirus disease caseload continues to increase across several nations.
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