New Delhi
\nCongress leader P Chidambaram poked fun at the BJP on Saturday over the GDP growth data, saying it did not warrant any jubilation by the ruling party.<\/p>\n
In a series of tweets, the former finance minister said that as expected, the GDP growth in the July-September quarter of 2018-19 was a good one per cent lower than in the April-June quarter .
\n\u201cQ1 number was on a very low base in the previous year. It did not signify a bump in growth and did not warrant the jubilation of the BJP three months ago,\u201d he said.<\/p>\n
Chidambaram said going forward it was likely that the October-December and January-March quarters would register similar growth rates unless there were unexpected shocks.<\/p>\n
India\u2019s economy grew at 7.1 per cent in the July-September quarter, lowest in three quarters, but still remained ahead of China to retain the tag of the world\u2019s fastest growing major economy.<\/p>\n
The Gross Domestic Product at constant prices had grown at 6.3 per cent in the July-September quarter of the last fiscal, according to government data released on Friday.<\/p>\n
The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago, showing a growth rate of 7.1 per cent, according to a statement of the Central Statistics Office .<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi Congress leader P Chidambaram poked fun at the BJP on Saturday over the GDP growth data, saying it did not warrant any jubilation by the ruling party. In a series of tweets, the former finance minister said that as expected, the GDP growth in the July-September quarter of 2018-19 was a good one […]<\/p>\n","protected":false},"author":1,"featured_media":48851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[312,315],"tags":[],"class_list":["post-48850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india","category-top-stories"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/48850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=48850"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/48850\/revisions"}],"predecessor-version":[{"id":48852,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/48850\/revisions\/48852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/48851"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=48850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=48850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=48850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}