NEW DELHI: The Congress today sought to deflate Prime Minister Narendra Modi’s claim of 7 per cent GDP growth, saying the country’s economy is stagnant with no investments coming in.
Quoting official figures, Congress spokesperson Jairam Ramesh said bank credit growth is lowest in 60 years and power plants are functioning at 60 per cent capacity – lowest in last 15 years, which shows that the Indian economy is not taking off and the Government needs to take this challenge seriously.
“The prime minister may claim that GDP is growing at 7 per cent, but indicators show a stagnant economy. The rise in growth is not visible and resultantly investments coming into the country are stagnant.
“The condition of the economy is a matter of serious concern and the Government must look into the challenges faced by the economy,” he said.
Ramesh said if there are no investments, the employment opportunities are not there. This, he said, is the biggest challenge before this Government. (AGENCIES)
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