Indian economy currently fastest-growing: BJP hits back at Rahul


New Delhi, Jul 15 (IANS): Hitting out at Congress leader Rahul Gandhi, the Bharatiya Janata Party (BJP) on Friday said the Indian economy currently is the fastest-growing among major economies of the world.

Referring to the sliding rupee, Rahul Gandhi had tweeted: "Rupee @40 : 'Refreshing'; 50 : 'India in crisis'; 60 : ICU; 70 : Atmanirbhar; 80 : Amritkaal." In his tweet, the R in Amritkaal was replaced by the Rupee symbol.

Quoting Gandhi's tweet, BJP Information and Technology Department in-charge, Amit Malviya tweeted: "This is for the neo-currency experts. The rupee has fallen less than most -- 6% in the first half of 2022. Compared to that, the Euro has fallen by 11.6%, the Yen by 19.2%, and the Pound by 13.2%. Rupee, however, has appreciated against other major currencies."

"Like 80.2/Euro vs 88 a year ago, 0.58/Yen vs 0.68, 94.3/Pound vs 103.2 and remained broadly flat to 11.8/Yuan vs 11.5 a year ago. Compare this to 2013, when the rupee was depreciating against all major currencies, not just the dollar, because of an inherently weak Indian economy," Malviya said.

Mentioning that the Indian economy right now is fastest-growing among major economies of the world, Malviya said, "In 2013, Indian economy was part of the 'Fragile Five', manufacturing growth was weak and exports anaemic. The economy right now is fastest-growing among major economies of the world, manufacturing sector is picking up post the pandemic, as evidenced by PMI and core sector data."

 

 

  

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Comment on this article

  • Dylan, Mangalore

    Sat, Jul 16 2022

    Do not fool the country anymore. Against the Euro the rupee is appreciating because of the war in Europe (Ukraine Russia) nothing great in it. But to buy fuel you need USD which is ₹80/- all time high. Nalin Kumar Kateel MP once said USD will be ₹ 15/- I think we missed the one hundred. He meant 1USD will be ₹115/-,

    DisAgree Agree [5] Reply Report Abuse

  • Sanjay, Mangalore

    Fri, Jul 15 2022

    BJP is misleading the country, The Rupee value is sinking compared to the US dollar, only importance is given to Gujju businessmen who owns the country, if the businessmen run out of the country like Mallya, choksi, Modi's etc, then the countries economy will be worst than Sri Lanka.

    DisAgree Agree [5] Reply Report Abuse

  • Don, Mangalore

    Fri, Jul 15 2022

    Yup. They got that right. The dollar is fast depreciating against the Indian rupee. Eighty US Dollars ($80) is equal to One (1) Indian Rupee.

    DisAgree Agree [6] Reply Report Abuse

  • Indian, Sharjah

    Fri, Jul 15 2022

    Fastest growing, if it's measured by EVMs.

    DisAgree [1] Agree [16] Reply Report Abuse

  • dp, Balmatta

    Fri, Jul 15 2022

    I don't know who hit back....Also I do not know whether to laugh or cry on the state of economy. I think I should cry.........

    DisAgree [1] Agree [19] Reply Report Abuse

  • k b r, Mangala Uru

    Fri, Jul 15 2022

    fastest in which direction....

    DisAgree [1] Agree [17] Reply Report Abuse

  • Manohar, Udupi

    Fri, Jul 15 2022

    Yes. Almost reaching srilanka in couple of years.

    DisAgree [1] Agree [28] Reply Report Abuse

  • Jossy Tauro, Mangalore

    Fri, Jul 15 2022

    The BJP leader is correct. Our Indian currency fast growing against dollar. From 65 to 80 now. And as per Nalin promised our Indian currency value become high for everything when we buy items.

    DisAgree Agree [22] Reply Report Abuse

  • Prakash, Mangaladevi, Mangalore

    Fri, Jul 15 2022

    Yes its fastest growing .... currency is reached Rs. 80 vs dollar. Picture abhi bhi baaki hai ........................

    DisAgree [1] Agree [20] Reply Report Abuse

  • Alfria, Manglore/Mumbai

    Fri, Jul 15 2022

    Where was this report published from nagpur .Mallaviya bjp it cell chief forgot what modi had said when Dr.Manmohan singhji time at that time also indias economy was fastest growing and rupee depreciation was less than other countries . What is he comparing india with European countries ??

    DisAgree Agree [23] Reply Report Abuse


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