Pakistan, Afghanistan Took Better Steps Than India To Deal With Corona, Rahul Gandhi

Rahul Gandhi, the leader of India’s largest opposition party, the Congress, criticized the ruling Bharatiya Janata Party (BJP), saying that Pakistan and Afghanistan had also taken better steps than India against Covid-19.

Rahul Gandhi wrote on the social networking site Twitter with a graph released by the International Monetary Fund (IMF) on the Gross Domestic Product (GDP) of several countries: That’s another solid achievement. “

Hindustan Times report said it is a big blow for any emerging economy and the worst since independence.

According to the graph, India’s economy is expected to shrink by 10.3%, with China, Bhutan, Pakistan, Sri Lanka, Bangladesh, Myanmar, Nepal and Afghanistan the largest in the region.

Referring to the IMF statement, Rahul Gandhi said that another concrete achievement of the BJP government was that even Pakistan and Afghanistan have handled the corona virus crisis better than India.

The IMF said in a report this week, citing the global economy, that China and the rich economies improved faster than expected after the lockdown by the corona virus, but conditions in many emerging markets worsened Are

Referring to India, the IMF had said that the GDP growth rate had fallen to 23.9 per cent in the June quarter and is now forecast to decline by 10.3 per cent in the current financial year as against 4.5 per cent in June. ۔

The IMF said the corona virus was spreading in large countries, including India and Indonesia, and that economies that rely heavily on tourism and foreign investment were more affected.

According to the latest figures from the Indian Ministry of Health, 7.37 million people have been infected with corona and 63,371 new cases have been reported in the last 24 hours.

In India, the world’s second-largest country by population, another 895 people died from Corona, bringing the total to 112,161.

It may be recalled that the IMF in its report had quoted Pakistan as saying that during the current financial year, Pakistan’s GDP would be one per cent, average inflation rate 8.8 per cent, current account deficit 2.5 per cent and unemployment 0.6 It will increase from 5.1 percent.

The IMF had said that the inflation rate would remain high at 10.2 per cent by the end of the financial year 2021, while economic growth is projected to recover to 5 per cent of GDP in 2025.

The International Monetary Fund estimates that Pakistan’s current account deficit will increase from 1.1 percent of GDP in fiscal year 2020 to 2.5 percent in fiscal year 2021 and then to 2.7 percent in fiscal year 2025.

The IMF said that a stronger forecast for 2020 than the June 2020 estimate reflects the impact of 2 competitive populations in which the situation is better than expected in the second quarter of GDP and compared to the social situation. The reduction in distance includes the reopening of closed sections in the second half of the year.

Originally published at https://zaviews.blogspot.com.