New Delhi | Jagran Business Desk: Union Finance Minister Nirmala Sitharaman has been in the headlines since the government released the data on November 29, in which the Gross Domestic Product (GDP) growth fell to a six-year low to 4.5 per cent in the second quarter (July-September) of the year 2019-20.

Nirmala Sitharaman on Monday, during the debate on the economic slowdown in the Lok Sabha, said that she has been told many times that she is the worst finance minister by her critics.

Also Read: India's GDP growth slips to 4.5 per cent in July-Sept, lowest since 2013

“I have been told that I am the worst Finance Minister, they're not even waiting for me to finish my term. I told them that please give me more ideas, we will work on it. If there's a government that listens, it is PM Modi's government,” she said.

“I have been called names in Parliament. If it is in anyone's DNA to ask questions & run away before answers are given, it is some other party and not our party. Each time we come to give replies instead of name-calling,” she added.

Replying to the allegations imposed by other Members of Parliament in the house, alleging ignorance of the government towards the prevailing economic slowdown in the country, she said, “We're called 'suit-boot ki sarkar' again & again. We're told that lowering corporate tax helps only rich. I want to tell them that the corporate tax cut helps all small and big businesses registered according to the Companies Act.”

Congress leader Adhir Ranjan Chowdhury on Monday took a swipe at Nirmala Sitharaman over the slowdown in the economy and addressed the Finance Minister as ‘Nirbala’.

“We do have a lot of respect for you, but sometimes we wonder if it wouldn't be more apt to address Finance Minister Nirmala Sitharaman as 'Nirbala' Sitharaman instead. She heads the Finance Ministry, but we don't know whether you are even able to speak your mind on the economy,” said Chowdhury while taking a swipe at Sitharaman.

The ongoing debate over the economic slowdown paced up after the government released the economic data on November 29. The official data shows that India’s Gross Domestic Product (GDP) growth has plunged down to six-year low to 4.5 per cent for the July-September quarter of the ongoing financial year. This is the lowest GDP growth rate since the January-March quarter of the year 2013.

Also Read: 'Nirbala' Sitharaman: Adhir Ranjan Chowdhary's jibe at finance minister over economic slowdown

Along with the GDP growth rate, the nominal GDP growth for the July-September quarter of the year 2019-20 also fell to 6.1 per cent as compared to 8 per cent in the previous quarter. The Gross Value Added (GVA) also slipped from 4.9 per cent in the first quarter to 4.3 per cent in the current quarter of the ongoing financial year.

Considered as the backbone of the economy, the manufacturing sector also registered negative growth at -1 per cent in the July-September quarter of the ongoing financial year.

Posted By: Talib Khan