Daijiworld Media Network - Mangaluru (DV)
Mangaluru, Nov 6: Union minister D V Sadananda Gowda on Thursday said that the present slump in the economy was temporary. Next year the GDP growth will bounce back to 8.5 percent and India's GDP will be fastest growing GDP in the world according to the World Bank.
Speaking during state BJP core and executive committee meeting, he said, "The unemployment rate in the 2019 year was about 7.19, this year unemployment rate eased to 6.67. The production of railway bogies increased. The government has provided Rs 80 crore to provide rice and wheat under Pradhan Mantri Garib Kalyan Yojana. Under the Pradhan Mantri Jhan Dhan Yojana, the government has deposited Rs 20.6 crore. The union government has sanctioned Rs 11,002 crore for states under Mudra Yojana, PM Kisan Samman Yojana, and to tackle the challenges of Covid-19," he added.
Speaking on unemployment rate, he said, "Unemployment rate in the year 2019 has decreased to 6.67%."
He also opined that by the bold decision taken Prime Minister Narendra Modi, Covid-19 is coming under control in the country.