TIWN Jan 15, 2020
AGARTALA, Jan 15 (TIWN): With the deteriorating Law and Order situation in the State, the people of the state and the future of the Youths are heading towards complete darkness. Where the CM Biplab Deb holds the charge of BJP party in the State, he failed to understand his duties and also could not stand up to the expectations of the people. The way the state is progressing there is no future of BJP in Tripura.
With all financial indicators touching multi-year lows, it is time the government acknowledges the ongoing economic slowdown and focuses on setting the basic right. India’s GDP growth has touched 5 percent to a six-year low in the April- June quarter, according to reports. The alarm bells were ringing prominently when the growth had slowed to 5.8 per cent in the previous quarter, but a carnival of political issues overshadowed economic slowdown. While in nominal terms, India’s gross domestic product (GDP) grew by 7.99 per cent which is the lowest since December 2002.
The opposition parties and the people of the state said the survey attempts to whitewash the failure and gross economic management of the Narendra Modi government in the past five years.
The ruling BJP party did nothing to deal with the massive unemployment problem, except token phrases like “supporting dwarf”, or smaller farms, to create jobs. The growth slowed down rapidly in 2018-2019. In the four quarters, it was 8,7, 6.6 and 5.8 per cent. It will probably decline further in future. Private sector projects are being stalled at an all- time high rate. Private investment in the manufacturing sector suffers the most. The growth in GST collections has come down. This is an indicator of the fact that consumer spending is on the decline.
The survey is full of “bombastic” claims and grandiose declarations. Any growth strategy based on private investment will be a non-starter; economic growth needs more purchasing power amongst people, not more investment with higher unemployment.
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