6.5% GDP! Significantly below par performance: Congress

way2barak, May 31: National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) has released its provisional estimates for GDP growth in FY 2024-2025.

“A sharp deceleration from the growth witnessed even in FY22-23 and far removed from the high growth record of 7.7 per cent annually during Dr Manmohan Singh’s decade as PM,” Joyram Ramesh, AICC General Secretary (Communication) said in a post on X.

“The fine print raises more concerns. The Jan-Mar 2025 manufacturing sector growth was 4.8 per cent versus 11.3 per cent a year ago. Rather than grappling with this reality, the government has once again resorted to spin-doctoring, claiming that ‘manufacturing systemic reforms will show results over time, Ramesh said.

6.5 per cent growth is a significantly below-par performance unlike to be improved given tepid consumption growth, stagnant real wages, sharpening inequalities, and continued lukewarm private investment rates within the country,” the Congress leader said.

India’s economic growth slowed to 7.4 per cent in the January-March period, and pulled down the annual growth rate for 2024-25 to a four-year low of 6.5 per cent, mainly due to the manufacturing sector, official data showed on Friday.