Former Prime Minister and senior Congress leader Manmohan Singh on Friday said the current state of the Indian economy was “unacceptable”, soon after the second quarter’s growth numbers revealed that the Gross Domestic Product (GDP) had hit the lowest in six years.
“The GDP figures released earlier today point the growth rate of our economy in the second quarter of the current fiscal year is as low as 4.5%. This is clearly unacceptable. And, the aspirations of our people want that this country should grow at 8% to 9% per annum. Therefore, the sharp decline in growth rate from 5% in first quarter to 4.5% in second quarter is indeed worrisome,” he said.