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With GDP Going Down, RSS Proposes New Economic Model

India's GDP Shrank by 23.9%

With the falling GDP and the government being criticised for its failure to deal with the economic problems and unable to take measurable steps to bring the GDP back on the track, RSS has come up with another tactic to draw the attention away from GDP numbers.

A senior official of the state claimed on Saturday said that GDP is an “inconsistent” standard and that India should develop its own paradigm of growth with a focus on employment-generated growth. Bajrang Lal Gupta said that gross domestic product (GDP) does not present the right picture in a country like India and cannot be the most important measure of growth. GDP is the estimation of the total value of goods and services produced in a country over a set period of time.

This statement has came at a time when India’s quarterly GDP growth is witnessing historic downfall of -23.9% and the World Bank estimating India’s GDP to contract by 9% this fiscal due to the lockdown imposed by the Modi government.

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