“Government needs to spend more, not lend more” Rahul Gandhi slams the RBI reports

“Government needs to spend more, not lend more” Rahul Gandhi slams the RBI reports

“Government needs to spend more, not lend more,” Rahul Gandhi claimed in a series of tweets after RBI reports suggest that the Indian economy will take significant time to recover and grow.

Rahul Gandhi on Wednesday took a jibe at the government for the current state of the national economy. The Congress leader claimed that he had warned the governments several times. he also added that the government needed to start giving money to the poor.

In a series of tweets, Gandhi tweeted “distractions” through media won’t help the poor or make the “economic disaster disappear”. Rahul Gandhi’s statement arrived right after the Reserve Bank of India (RBI) on Tuesday declared that the economy will take time to fix itself.

The RBI also added that an assessment of aggregate demand so far into 2020 suggests that the shock to consumption hit is dire enough. (Source: News18)

In the latest annual report of RBI, they stated that “deep-seats and wide-ranging” reforms are immensely required to regain losses and return to the path of sustainable economic growth during the Pandemic.

Rahul Gandhi tweeted,”RBI has now confirmed what I have been warning for months. Govt needs to: spend more, not lend more.”

Rahul Gandhi’s tweet on Wednesday 26th August

Give money to the poor, not tax cuts to industrialists. Restart economy by consumption,” Gandhi added in his tweet.

Rahul Gandhi also made sure to slam the government on the current situation of the Pandemic in the Nation. “Government of India’s unpreparedness is alarming” said Rahul Gandhi in a tweet posted on Thursday 27th August. The tweet arrives in due to the government’s vaccine strategy for the country. India currently has third highest cases of COVID-19 in the world. Brazil is on the 2nd spot while USA still maintains the 1st position.

So far there have been no comment from the ruling party, BJP’s side regarding Rahul Gandhi’s tweets.

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