The coronavirus has India hard. Very Very hard on all the fronts. The new cases per day are climbing rapidly and today India’s GDP has hit a massive rock. It comes down to record -23.9% — Maybe an Act of God.
On Monday, the government released data on India’s gross domestic product (GDP) for the first quarter of the financial year 2020-21.
India’s economy suffered its worst slump on record in April-June, with the GDP contracting by almost 24% in negative as the coronavirus-related lockdowns weighed on the already-declining consumer demand and investment.
This is the sharpest contraction since quarterly figures started being published in 1996 and worse than what was expected by most analysts.
-23.9% GDP contraction is not an act of God, it’s an act of extreme incompetence.
#23.9%
— Nikhil Alva (@njalva) August 31, 2020
Series of press conference while announcing 20lakh cr package but none of it directly helped to MSME, SMEs,Farmers, Retailers,
and now -23.9 GDP shows FM is totally clueless in handling economy#ResignNirmala pic.twitter.com/Wyg7Plu785— Pritesh Shah (@priteshshah_) August 31, 2020
More than 5 months ago, Congress Leader Sh. Rahul Gandhi had warned Modi Government about a Tsunami which was about to cause massive devastation to our economy.
Today, Government has released figure of -23.9% GDP figure. As always, Sh. Rahul Gandhi stands vindicated today.
— Anshuman Sail (@AnshumanSail) August 31, 2020
Bure Din – 10.8 GDP growth
Ache Din – -23.9 GDP growth— Abhi (@IndianRobertson) August 31, 2020
With an economist PM Dr. Manmohan Singh, India has recorded 10.2% GDP growth during great recession.
With a motormouth PM, India has recorded -23.9% GDP growth in 1st quarter.
The Joke is on us.
— Anshuman Sail (@AnshumanSail) August 31, 2020
Those crying for a shrunk GDP right now, would have been crying for lives .. had it not been for the lockdown. So let them.
Would take -23.9% GDP any-day over 23.9 Million deaths.
— Yo Yo Funny Singh (@moronhumor) August 31, 2020
-23.9% GDP. Worst in decades. pic.twitter.com/KSCNXvu35D
— Anoushka 🦋 (@TiwariAnoushka) August 31, 2020
Bhakts will say 23.9 is more than 10.8
10.8% GDP vs -23.9% GDP#GDP pic.twitter.com/DVlMsw0zdh
— DINESH SHARMA👁️🗨️ (@Dinesh__sharma_) August 31, 2020
unemployment at 10M+
80k+ cases a day
floods
students forcefully appearing for offline exams
china intrusions at various territories
farmer suicides
increase in rape and domestic violence cases
-23.9% GDP contraction
media houses covering up the above by doing a witch hunt— Tanisha (@tanishafagwani) August 31, 2020
Ambani’s wealth has increased by 35% since April
Now no. 4 in the world
India’s GDP has crashed by -23.9% since April
More success to come ahead
Ye No.1 Yaari Hai ✊“23.9% GDP”#EconomicCrisis#GDPData
“India’s GDP”— Gagan Arora (@Gagan0305) August 31, 2020
-23.9% GDP contraction is not an act of God, it’s an act of extreme incompetence.
#23.9% pic.twitter.com/nS163MuFf1
— Mahendra kumar yadav (@Mahendra2120) August 31, 2020
Indian GDP down by 23.9% GDP (GDP-23.9%) I am blaming the situation and covid not our prime minister.
I still Believe we have the best PM in these situation @narendramodi situation would have been grave with @RahulGandhi heading.#EconomicCrisis #आ_रही_है_बेरोजगारो_की_सवारी pic.twitter.com/E3dISjXyEN
— Anant Mishra (@wittylawyers) August 31, 2020
From an whopping 10.2% from MMS times to -23.9% GDP you killed the economy Mr. Modi and Niramala Sitaram (worst PM-FM duo ever) have killed the economy in the worst possible ways.
Imagine the amount of repair Rahul Gandhi and cabinet will have to do from 2024. #ResignNirmala pic.twitter.com/HmpHQYAcxh
— RajKaran | ರಾಜಕಾರಣ (@HindustaniGeek) August 31, 2020
