Latest GDP figures outcome of 'jumlanomics', says Digvijaya Singh

Govt recently pegged GDP growth at a higher-than-expected 7.1% for 2016-17 despite note ban impact

Press Trust of India  |  Hyderabad 

Digvijaya Singh
Digvijaya Singh

leader on Friday ridiculed the strong figures put out by the Democratic Alliance government a few days ago, terming them an outcome of "jumlanomics" (rhetoric-based economics).

"After demonetisation, when industries have cut down their production (and) some of them have closed down and some of them have thrown people (employees) out of jobs... Suddenly there are these high growth figures released by the government.

"This is nothing but an outcome of 'jumlanomics' (rhetoric-based economic thinking) of (BJP President), (Prime Minister) and (Finance Minister)," he said.

The government recently pegged growth at a higher-than-expected 7.1 per cent for 2016-17 despite the note ban impact. The grew at a healthy 7 per cent rate in Q3 (October-December period).

Singh claimed that even economists are surprised with these numbers coming post demonetisation and at a time when the was going through a bad patch.

"This country is being fooled by the BJP," he alleged.

He said during the election campaign in Uttar Pradesh, Modi and Shah raised issues which have nothing to do with the people.

"The Prime Minister makes wrong statements about Rahul Gandhi (Vice-President)... This is shameful," the former Madhya Pradesh chief minister said.

Latest GDP figures outcome of 'jumlanomics', says Digvijaya Singh

Govt recently pegged GDP growth at a higher-than-expected 7.1% for 2016-17 despite note ban impact

Govt recently pegged GDP growth at a higher-than-expected 7.1% for 2016-17 despite note ban impact
leader on Friday ridiculed the strong figures put out by the Democratic Alliance government a few days ago, terming them an outcome of "jumlanomics" (rhetoric-based economics).

"After demonetisation, when industries have cut down their production (and) some of them have closed down and some of them have thrown people (employees) out of jobs... Suddenly there are these high growth figures released by the government.

"This is nothing but an outcome of 'jumlanomics' (rhetoric-based economic thinking) of (BJP President), (Prime Minister) and (Finance Minister)," he said.

The government recently pegged growth at a higher-than-expected 7.1 per cent for 2016-17 despite the note ban impact. The grew at a healthy 7 per cent rate in Q3 (October-December period).

Singh claimed that even economists are surprised with these numbers coming post demonetisation and at a time when the was going through a bad patch.

"This country is being fooled by the BJP," he alleged.

He said during the election campaign in Uttar Pradesh, Modi and Shah raised issues which have nothing to do with the people.

"The Prime Minister makes wrong statements about Rahul Gandhi (Vice-President)... This is shameful," the former Madhya Pradesh chief minister said.
image
Business Standard
177 22