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Last quarter GDP growth rate of 5 per cent signals that “we are in midst of a prolonged slowdown: Manmohan Singh

Former two time Prime Minister of India Dr Manmohan Singh has said the state of the economy was “deeply worrying” and that “all-round mismanagement” by the Modi government has resulted in this slowdown.

In a remark, he said the last quarter GDP growth rate of 5 per cent signals that “we are in midst of a prolonged slowdown”. Media Agency PTI Reported.

Dr Singh is also the former RBI Governor and the great economist, Dr Singh save in India from the economic slowdown in the 1990s when India almost under the recession.

  • He also added India cannot afford to continue down this path. Therefore, I urge the government to put aside vendetta politics, and reach out to all sane voices and thinking minds, to steer our economy out of this man-made crisis.
  • Singh said it is particularly distressing that the manufacturing sector’s growth is tottering at 0.6 per cent.
  • “This makes it very clear that our economy has not yet recovered from the man-made blunders of demonetisation and a hastily implemented GST. Investor sentiments are in the doldrums. These are not the foundations for economic recovery.
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