Alarming reduction in GDP forecast for India by international agencies

Spokesperson: Ms. SupriyaShrinate: She said that IMF has for the second time in a row for this year, reduced India’s estimated GDP forecast to 6.8 per cent from the earlier 7.4 per cent. This is a steep cut of nearly 0.6 per cent.

A cut in the GDP forecast means- more joblessness, lesser income, lesser prosperity and fewer avenues for investment, but, the government seems to be in abject denial. There are 5 big problems that the government is facing. The first is that the government refuses to accept there is an economic crisis. The second is the government refuses to accept that growth is going down. The third problem for the government is the high prices. Why are we not reducing prices and why do we continue to levy cess on every litre of fuel being sold to fill up our own coffers and not of the states, is a huge question.

But the government continues to be in denial and for the record, the headwinds are very strong, but, the Finance-Minister in the United States is either lying through her teeth deliberately or she is perhaps blissfully unaware?

DAP has gone up from Rs. 1,200 to Rs. 1,300.Urea, the quantity has been cut down from 50 kg to 45 kg for every sack. This is a price increase, who are you lying to, and so we hope that the Government is going to wake up and smell the coffee, but, we know, it will not, and because, it will not, each one of us, each Indian is bearing the cost of the gross negligence and the diversionary tactics of this government. It is not just gross negligence - it is actually criminal to let the economy ruin at the pace at which it is. Wednesday, October 12, 2022.