"Promise after promise...2 crore jobs every year, double the price of crops, good days, Make in India, making the economy USD 5 trillion... Will any promise be accounted for? Today GDP growth is 4.5% which shows that all promises are false," she said in a tweet in Hindi.
"Every step being taken is in the interest of the country... looking at the economy with discerning view, you see that the growth may have come down, but its not a recession yet or it won't be recession ever," finance minister Nirmala Sitharaman said.
Suresh Angadi stirs controversy over remark on Indian Economy
In signs of continuing weakness in the economy, India's factory output shrank to the lowest level in eight years as all three broad-based sectors of capital goods production, consumer durables, and infrastructure and construction goods contracted.
She said it has come at a time when questions are being asked about the nature of the slowdown, which is affecting the global economy and bogging it down and indeed questioning if India is actually in a slowdown.
The ministry said the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.
Indian economy, which till recently was hailed as the fastest-growing major economy, saw the growth rate drop to 5 per cent in April-June 2019 from 8 per cent recorded a year earlier
Congress president Sonia Gandhi on Saturday launched a blistering attack on the government on the state of the economy, saying signing the RCEP agreement will result in "untold hardship" for farmers, shopkeepers, and small enterprises.
“We see the Indian economy rebounding from our projected 6.1 per cent growth this fiscal year to something like 7 per cent in the next fiscal year (2020). We see the factors that will support growth, including monetary policy stimulus, working their way through the pipeline,” Jonathan Ostry, Deputy Director, Asia Pacific Department at the IMF, told reporters.
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