Gross Domestic Product, in short, is called GDP. GDP is nothing but a mirror of an economy. It shows the performance of the Federal Government in power and the health of its economy.

About a week ago, Union Finance Minister related the dismal performance of our economy to Act of God. Such a statement came from a person with an Authority who required to turn around the shamble economy, and, while on the backdrop of her such God’s comment more than 15 million jobs we have lost in the past 5 months of our National Lockdown.

Now what is worrying us, that our GDP has never reached such a lowest ebb in the history of our economy since we have come to measure GDP and it has now gone to [-] 23 percentage – a contraction to this level in a layman’s language – we have lost a value of Rs. 23/- from each of one hundred rupees that we have in this economy.

In contrast, every Chinese had gained Chinese Yuan 3+ over the performance of their economy. Chinese GDP pegged at 3+ percentage and the smallest country Taiwan had gained about 0.5 percentage. And our Economy is in the list of global economies of GDP [falls in negative].     

Our Government has not yet opened their eyes from their deep sleep! Very unfortunate and very pathetic situation for our 130+ crore population in this Country!  The instances of committing mistakes by the present dispensation – one after another in the past six years of its rule, has brought our Economy at this stage, where returning back to normalcy again left to the mercy of GOD;

• Demonizing our Country with de-monetization within just four hours of notices and reducing the value of Rs. 1,000/- to just a paper meant for shredder.
• Taking away the surplus money [over Rupees One Lakh Crore] held by RBI as cash reserves to meet emergency requirement by it.
• By writing off over Rs. 60,000/- crore to those industries and individuals who swindled bank money and flourished abroad.  
• By muzzling the voice of our States by unfair GST collections and not returning them in time and / or in their need of emergent situation.
• Bringing out a National Lockdown [for Corona] with just 4 hours of notices on the 25^th March 2020 and put the whole economy in doldrums thereafter. 

The Union Government failed to act swiftly when the parameters of the economy were showing no signs of recovery before Corona Pandemic. And the Government kept dancing [when the indecisiveness set to eat out our economy in the aftermath of demonetization and other misadventures reported above] to the tunes of the select industries, corporate captains and on the advises of a bunch of puppets in the decision making process of the governance and extra constitutional authorities – who were simply preparing grounds to sell our country’s valuable assets those were created by the toil and moil of our sizeable working population in the past fifty years.

Today, this Government has only learnt to sell the assets and make this country float with the sale proceeds. Otherwise, while the international crude oil price has gone below zero, our Government hedged the price between Rs. 70 and Rs. 80 per litre of petrol. The fact is that the Union Government is relying heavily on the petroleum products revenue as source of its income to sail her ship.

Where are we moving in the tunnel following a blind eyed Scribe?