x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Jammu-Srinagar highway closed amid fresh snowfall | Former CJI Ranjan Gogoi provided 'Z+' VIP security cover | Mehbooba isolated as Farooq participates in Centre's initiatives on J&K | Facing shortage of PDC staff, 6 posts of CEs,19 posts of XEns vacant | Years on, Irrigation dept fails to clear liabilities of contractors for de-silting works | Infighting: Leaders not allowing elected DDC member to join BJP | Now, Mehbooba calls Balakote airstrikes mere Drama | After PC, NC leaders frequent New Delhi | Bureaucrats not taking govt' direction seriously | Over dozen of Irrigation Divisions divert AIBP funds | Lt Governor visits Central University of Jammu | Schools to reopen in Jammu from Feb 1, Kashmir to wait till winter vacations are over | Pandits demand enhanced relief, 20,000 jobs | Give mass promotion to Jammu students on analogy of Kashmir: NPSU | Security forces launch CASO in south Kashmir | Snatching cases rise in Poonch, police take cognizance of ET Report | Police solve sexual assault case, arrested accused persons | Munish Gupta asks government to solve problems of people of Marakadhi Gangyal near CRPF camp | Family members, relatives stage protest, demand justice | Stone-pelting leaves dozen injured, vehicles damaged in Bhatindi | Snowfall prediction: Officers directed to remain alert in Kashmir | 'Home Sick' AEE of I&FC department seldom attends to his duties in Rajouri, contractors fume | Pak troops violate ceasefire near LoC in Kupwara | No exam for 11th class, marks to be awarded on proportionate basis: Govt | Navin Choudhary visits Reasi; reviews functioning of agriculture, allied departments | 4G Internet ban extended in J&K barring 2 districts till Feb 6 | NIA Court formally frames charges in Lethpora CRPF camp attack | Domana Police solves murder case, accused arrested | HC stays order of NIA Court directing administering "virtual mode oath" to elected DDC Member Waheed Parra | Nitishwar Kumar reviews implementation of directions of Lt Governor | BJP will crush forces vitiating peace by radicalisation: Kavinder | Dy Mayor distributes free dustbins to shopkeepers | DC Kishtwar reviews pending land compensation cases | Proposed infrastructures will make J&K UT blink on international map: Raman Suri | Corporators felicitate newly elected team of CCI | MC Bishnah councilors review development plan under BADP | Man impersonating as Naib Tehsildar arrested, lured youth for employment | KVK-Leh conducts hands on training programme | Congress questions Modi Govt over increase of mischiefs by Pak China | GDC Billawar concludes series of online events | DDC Samba discusses plan for restoration of water bodies | Snowfall expected in Kashmir, hilly areas of Jammu from tonight till Jan 24: MeT | DC Doda reviews progress on digitization of revenue records | Kashmiri youths behind killing arrested, confess crime | DC Rajouri reviews functioning of Revenue, Forest Departments | J&K Industrial Land Allotment Policy, 2021-30 approved | Jammu Police is using all ‘remedies’ to end crime: SSP Patil | AC approves adoption of J&K PWD Engineering Manual 2020 | National Flag to Hoist on All Govt Offices/Buildings in J&K on R Day: Govt Order | ACD Kishtwar order for withholding of material payments under MGNREGA | Early Times Impact | JK reports four more COVID-19 deaths; 88 fresh cases, positive cases reach 123852 | JK reports four more COVID-19 deaths; 88 fresh cases, positive cases reach 123852 | Early Times Impact | Terrorist strike in Kishtwar, lobed Grenade on SOG party, cop injured | PWD (R&B) carries out substandard blacktopping of Rajouri Pathanmora to Karian road | Online Workshop on Advanced Data Analysis Concludes at JU | Intra college eco-friendly competition held | GDC Vijaypur organizes National level E-Quiz Competition | Road safety rally conducted | Mukti demands strict implementation of provisions of POCSO Act | MVD Reasi organizes free medical-cum-health checkup camp | Centre failed to keep fuel prices in check : JKPYC | GDC Ramnagar organizes ‘KavitaGhosti | DDC Ramban finalizes R- Day arrangements | MVD hosts awareness camp for drivers | Doda admin to hold series of events to mark Girl Child Week, Voters Day | Dharmarth Trust condemns vandalism by employees association | ASSOCHAM to hold Webinar on J&K Udyam registration on February 12 | Forest Department hosts training for frontline staff | MSK organizes series of activities | ADC Bhaderwah finalizes arrangements for Republic Day | ADC Ramban inspects flyover sites, reviews protection works | Failed regimes hit JK hard | How to crack NDA* | Back Issues  
 
news details
Sense of crisis everywhere: Chidambaram attacks BJP for celebrating GDP data
12/1/2018 1:30:58 PM
Agencies
NEW DELHI: Former finance minister P Chidambaram on Saturday mocked the Centre over the Gross Domestic Product (GDP) data, a day after it was released by the government. As per the data, the GDP at constant prices (2011-12) had grown at 6.3 per cent in the July-September quarter of the last fiscal.

However, the Congress veteran said 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 (Q2) of 2018-19 was a good one per cent lower than in the April-June quarter (Q1).

"Q1 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," he said.Chidambaram said going forward, it was likely that the October-December (Q3) and January-March (Q4) quarters would register similar growth rates unless there were unexpected shocks. "The new normal for the Indian economy is 7 per cent and 2018-19 will be a normal year," he said.

Attacking the Centre, he said: "More large companies are bankrupt today than ever before, more projects stranded than ever before, more accounts turned NPA than ever before, more banks have been restrained from lending than ever before. There is a sense of crisis everywhere."

He also said that the government has failed it its promise to achieve a double-digit growth rate. "This government promised a double-digit growth rate. They have not achieved double-digit growth rate in any of the four years. And they will not achieve it in the last year also," he said.

India's 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's fastest-growing major economy.

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 (CSO).

The Indian economy grew at 8.2 per cent in the April-June quarter of this fiscal. The GDP growth was 7.7 per cent in the January-March quarter.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU