Congress leader Rahul Gandhi on Thursday criticized the government for the status of the economy citing data showing a decline in sales of two-wheelers, cars and mobile phones. In a post on X, Gandhi said that these numbers are not only figures, but the reality of economic conflicts faced by common Indians.
The Congress leader called for a change in politics and said that he should focus on the reality of everyday life instead of grand events. Gandhi also demanded an economy that works for all Indians and not only a few select capitalists.
“Statistics show the truth. In the previous year, two -wheele sales have declined by 17%and car sales have declined by 8.6%. The mobile market has declined by 7%. On the other hand, both expenses and loans are constantly increasing: home fare, domestic inflation, education expenses, and almost everything is getting expensive. Everyday life – who understands the right question, reacts to the situation.
Earlier, economist Sanjeev Sanyal said that India’s 6 to 7 percent economic growth rate is the result of several “process reforms” which are not part of the headlines. According to global agencies, India is one of the fastest growing major economies and is expected to maintain this pace in the coming years.
“6.5–7 percent of the GDP growth rate we are now looking at is at least powered by the abilities gained from such improvement,” Sanyal said, highlighting the importance of micro-reforms. He said that the government has removed hundreds of old colonial era laws.
He said that when small reforms often become inaccessible, their cumulative effects have greatly improved systemic efficiency. This, he said, the current 6.5–7 percent is one of the major drivers behind the GDP growth rate.
In addition, Chief Economic Advisor (CEA) Anant Najavaran confirmed that the Indian economy is doing well and can achieve growth rate at a high end of its 6.3–6.8 percent launch.
“In all, given the global environment, our economy is doing well,” CEA asked reporters at a virtual press conference immediately after 2024–25 and January-March. “And if we continue with more foreign direct investment and efforts to bring into the private sector, if it continues its growth in capital investment, which we saw in 2024-25 and urban consumption lets, better capital formation, recruitment and compensation, we can recently get a growth rate. Financial year 2024-25.
According to other advance estimates of the NSO, the country’s economy was estimated to increase by 6.5 percent in 2024–25.
The Reserve Bank of India had estimated the growth of 6.5 percent GDP for the financial year 2024-25. In 2023–24, India’s GDP increased by 9.2 percent, which became the fastest growing major economy. The economy increased by 8.7 percent and 7.2 percent respectively in 2021-22 and 2022-23. (AI)