BJP Minister says no slowdown

BJP Minister says no slowdown

BJP Minister says no slowdown
October 13
20:10 2019

The BJP has found a new campaign against shrill opposition trumpets against economic slowdown.

Union Minister Ravi Shankar Prasad on Saturday dismissed the worries and said, “On 2nd October, 3 movies were released. Film trade analyst Komal Nahta told that the day saw earning of over Rs 120 crores, a record by 3 movies. The BJP leaders cite the earnings of three blockbuster movies in a single day to suggest that the economy was sound.

Dismissing claim that there is an economic slowdown, Prasad said that the economy of the country is sound, “that is why there is a return of Rs 120 crore in a day. India’s GDP growth has touched a six-year low of 5 per cent for the June quarter. Recently, the RBI lowered the expected GDP growth down to 6.1 per cent in FY20 from the earlier forecast of 6.8 per cent.

Union Minister Prasad also stated that the unemployment data provided by the National Sample Survey Office (NSSO) was false. “I gave you 10 relevant data, not one is present in the report. We never said we will give government jobs to everyone. Few people tried to mislead in a planned fashion,”

According to the data on employment released by NSSO in May 2019, 2.1 per cent of illiterate urban men were unemployed, but around 9.2 per cent of men with at least secondary education didn’t have a job in the year 2017-18. For urban women, nearly 0.8 per cent of uneducated women were jobless whereas 20 per cent of those with secondary or higher education were not employed.

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