- Tuesday, February 25, 2025
Rajan had reportedly told Indian National Congress leader Rahul Gandhi in December last year that India “would be lucky to achieve five per cent GDP growth next year (FY 2022-23)”.
By: Shubham Ghosh
India’s ruling Bharatiya Janata Party (BJP) on Thursday (1) lambasted Raghuram Rajan, noted economist and former governor of the Reserve Bank of India (RBI), following the release of the National Statistical Office (NSO) report which stated that India’s growth rate for the entire FY23 stood at 7.2 per cent.
It may be mentioned here that Rajan, who had served as the chief of India’s central bank (2013-16) both under prime minister Narendra Modi and his predecessor Manmohan Singh, had reportedly told Indian National Congress leader Rahul Gandhi during the latter’s ‘Bharat Jodo Yatra’ (Unite India March) in December last year that the South Asian economy “would be lucky to achieve five per cent GDP growth next year (FY 2022-23)”.
Amit Malviya, who is in charge of the BJP’s national information and technology department, said in a tweet on Thursday, “Congress apologists are like ‘filth seeking flies’. Give them a clean room and they will look for that tiny spec of dirt and scream blue murder. Put them in stinking filth (reminiscent of UPA era), and they wallow, in pleasure. They are inherently sadists, who want to see a billion people starve so that they can wax eloquent about povertarianism, while sipping on their exquisite wine.”
Raghuram Rajan in this dated conversation (2022) with Rahul Gandhi, sounded less like an economist, and more like Rajdeep Sardesai, when he said, ‘India would be lucky to do 5% GDP growth next year (FY2022-23)’.
Fact is India has registered 7.2% GDP growth in FY2022-23. 7.2%!… pic.twitter.com/8GNENPjYys
— Amit Malviya (@amitmalviya) June 1, 2023
The National Statistical Office (NSO) under the ministry of statistics and programme implementation has published the growth rate of the GDP for the fourth quarter of the 2022-23 fiscal and the overall growth rate for the entire FY23.
According to the official data, India’s GDP saw a growth rate of 6.1 per cent in the fourth quarter of FY22-23 and 7.2 per cent for the entire fiscal 2022-23.
In another development, government data unveiled on Wednesday (31) said that the fiscal deficit for 2022-23 stood at 6.4 per cent of the GDP, aligning with the Indian finance ministry’s projections in estimates in revised budget, News18 reported.
There were several reactions slamming Rajan on Twitter while a few went in his favour. Here are some against him:
This perennial pessimist and Congress karyakarta from Chicago had said with much aplomb to RaGa during BJY,that even 5% GDP growth looks difficult for India
Where are all the Raghuram Rajan cheerleaders? Lagta hai India's GDP at that fantastic 7.2%,has left a bad aftertaste for… pic.twitter.com/jw4cZmtRtT
— Sanju Verma (@Sanju_Verma_) June 1, 2023
Raghuram Rajan preparing famous YouTuber Dhruv Rathee for an important topic on Indian Economy : pic.twitter.com/laqd7qVywT
— Sharia Destrøyer (@Sanghi_Damn0) June 1, 2023
Raghuram Rajan, the UPA’s economic spin doctor & high priest of gloom and doom for India. Mercifully he never gets it right! pic.twitter.com/kCB3qyZRaC
— Mahesh Jethmalani (@JethmalaniM) June 1, 2023
India grew at 7.2% in 2022-23.
It is projected to grow at 6.5-7% in 2023-24 by IMF.Still, Raghuram Rajan calls this rate a Hindu growth rate.
Will he call countries growing at a slower pace as Christian growth rate or Islamic growth rate ??
Why this hatred for Hindus ???? pic.twitter.com/Q1mvjImMSN
— Rishi Bagree (@rishibagree) June 1, 2023
India now growing at Muslim Rate of Growth – Raghuram Rajan
— Eminent Intellectual (@total_woke_) June 1, 2023
There were also a few posts that supported Rajan, like this one:
What was the need to grow at 7.2% when Raghuram Rajan had predicted below 5%?
Clear proof that Govt deliberately enhanced the economy to hurt an eminent scholars' credibility. Modi must know that nation that neglects scholars undermines its own intellectual wealth & prosperity. pic.twitter.com/ZzQ2zYw7wj
— THE SKIN DOCTOR (@theskindoctor13) June 1, 2023
