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After the GDP results were out on Friday, #BahiKhateMeinLocha and #BankMerger started trending on Twitter, with many users cautioning the government against the move to merge 10 PSU banks into four."India's #GDP growth has fallen to 5 per cent. But nothing to worry. Govt is working on new formula to calculate the GDP, to pump it up. Thanks to #DeMonetisation n poor implementation of #GST which brought our GDP super low," said one user.Chairman of Mahindra Group, Anand Mahindra, who is an avid Twitter user, however, said that he continues to remain "steadfastly optimistic"."Well this certainly ruined my Friday & will dampen the weekend. A lot of work to be done. But I remain steadfastly optimistic. Was pleased to see the bank consolidation announced by @nsitharaman," he said."A 'reform a week' is just the kind of tonic we need...," he added.Some users also created memes showing a smiling face of of former Prime Minister Manmohan Singh and a dejected look of current Prime Minister Narendra Modi."Bhakts stopped buying Parle G and underwear, so the GDP crashed to 4.9%. Is this how you show love to your master? #BahiKhateMeinLocha," read one sarcastic tweet."If everything is going good with #economy then why is the need to take money from #RBI that never been done before in such situation. The govt can't hold 2.7 trillion dollars economy, how they create 5 trillion. #EconomicSlowdown #EconomyGoneBJPMaun," wrote another user.Some, however also mocked the Congress for earlier questioning the method of calculating GDP growth rate."India's GDP numbers are correct when they are less than 6%. And flawed when they are greater than 6%," wrote one user while attributing the quote to Rahul Gandhi in a bid to mock the Congress leader.Some users tried to defend the government by saying that measures to root out corruption led to the temporary growth slowdown.( With inputs from IANS )

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Gdp, Latest News

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Finance Minister Nirmala Sitharaman on Tuesday said the Central government will start funding infrastructure projects once the task force on the matter submits its report. ...

Union Minister Prakash Javadekar on Sunday said that the fundamentals of the economy were "good" and the "temporary" fall in GDP growth rate would come back on "track very soon". ...

Amid growing concern over the slowing economy and former Prime Minister Manmohan Singh slamming the government policies for it on Sunday, Finance Minister Nirmala Sitharaman said the government was in consultation with various sectors and would respo ...

As India's GDP fell to a six-year low of 5 per cent for the April-June quarter, apprehensions of a slowdown have risen. Finance Minister Nirmala Sitharaman, who has announced a slew of measures off late, however, on Sunday avoided a direct answer to ...

slowdown has inertia. The Indian GDP growth has fallen to 5 per cent in the April-June quarter, from 8 per cent. This slowdown can only be reversed if both short-term and long-term reforms are undertaken. ...

While a decline in GDP affects the poor worse as India is one of the most unequal societies, it hits your wallet each time a slowdown is recorded. It takes toll on average income of the people and signals a squeeze on job opportunities. ...

With India's GDP growth in the first quarter of 2019-20 coming down to five per cent, many social media users rushed to blame demonetisation and speedy move towards a cashless economy as primary reasons for the slowdown. ...