Even as the Prime Minister and Finance Minister continue to
make tall claims of economic growth,the GDP has slid to 4.8%
in the fourth quarter of the last financial year.
The reason for this slow down is attributed to dismal performances
by the three major sectors-agriculture,manufacturing and mining.
Now,the overall growth in the entire fiscal year,2012-13 has slipped
to 5 per cent,the lowest expasion inthe decade.
GROWTH IN CORE INDUSTRIES SLOWS TO 2.3% IN APRIL
Worse,the growth in eight industries slowed to 2.3 per cent in
April,2013 mainly due to due to contraction in crude oil,natural
gas and fertiliser output.This was 5.7 per cent in the same period
of last year.
The UPA government should tell the people as to why this economic
slow down has happened despite burdenig the common people
by subsidy cut and steep hikein the price of petroleum products and the
essential commodities and at the same time showering the corporates
with concessions lavishly.