Congress urges new government to reverse economic slowdown

File image

Congress party on Friday urged the new government led by Prime Minister Narendra Modi to come up with a multi-phased roadmap to kick-start the economy and evolve an employment generating strategy.

Congress leader Randeep Surjewala said, “Slump in economic growth and runaway unemployment are two important challenges before the country. I hope the Prime Minister and the Finance Minister will address them by laying a short-medium-long term roadmap of kick-starting the growth engine as also employment generating strategy.”

Government data showed on Friday that the country recorded a GDP growth of 6.8 per cent in 2018-19, the lowest in five years. In FY 2017-18, the GDP growth rate was 7.2 per cent. The slowdown was largely attributed to lacklustre growth in the agriculture and mining sectors.

Congress leader P L Punia also urged the government to take concrete steps to reverse the economic slowdown which, he said, is causing a lot of hardship to people.

ALSO READ: India’s GDP growth rate slips to a five-year low of 6.8% in FY19

The industrial output is down, the manufacturing sector is not growing, resulting in massive unemployment in urban and rural regions across the country, he said.

The government on Friday also released the country’s unemployment rate that stood at 6.1% for July 2017-June 2018.

The news of unemployment in 2017-18 at 6.1 per cent came as when the Cabinet of Prime Minister Narendra Modi began its second term on Friday.

(With ANI inputs)

Click here for Latest News updates and viral videos on our AI-powered smart news


Please enter your comment!
Please enter your name here