Live
- BJP MP candidate Bharat Prasad visited the student who tried to commit suicide
- PM’s popularity in the fast lane: Autos with 'Har Dil Mein Modi' slogan spotted across Delhi
- Delhi-based political parties are like East India Company: Sukhbir Badal
- Golf: Diksha moves into Top-20 at South African Women’s Open
- KCR lashes out against BJP and Congress for destroying Telangana
- Dairy Science students visited the Milk cooling plant
- Moody feels Pant ahead in keepers’ race for T20 WC squad; Srikkanth picks Rahul over Samson as reserve keeper
- Thanking voters for extending 'unparalleled support' to NDA, PM Modi says second phase 'too good'
- Natural Relief for Menstrual Cramps: Beetroot Juice Recipe
- Asha Worker died in a road accident
Government lost chance to strengthen economy 5 years back
The NDA government had a chance to strengthen the economy five years back when the crude oil rates were low, but it could not take advantage of the situation, noted economist H M Desarda has said.
Aurangabad: The NDA government had a chance to strengthen the economy five years back when the crude oil rates were low, but it could not take advantage of the situation, noted economist H M Desarda has said.
India's gross domestic product (GDP) growth slowed for the fifth consecutive quarter in April-June 2019 to 5 per cent, the lowest in six years.
This was on the back of faltering domestic demand, with both private consumption and investment proving lackluster.
Delivering a lecture on the 'current economic downfall- causes impacts and remedies' at the Mahatma Gandhi Mission campus here in Maharashtra on Saturday, Desarda said in 2013, the crude oil rates were around $110 per barrel.
"When the Modi-led government came to power, the crude oil prices dropped. That time, the government spent huge amounts on crude oil import to meet the petrol and diesel demands," he said.
