Congress slams Modi govt.’s ‘colossal economic mismanagement’
[ad_1]
Congress leaders stepped up their assault on the Modi authorities a day after the newest numbers for industrial output and retail inflation got here out.
Congress leaders on Tuesday focused the Narendra Modi authorities over the nation’s economic indices, with former finance minister P. Chidambaram accusing the federal government of “colossal mismanagement” because the 2016 be aware ban.
Congress leaders stepped up their assault on the Modi authorities a day after the newest numbers for industrial output and retail inflation got here out.
In a collection of tweets, Mr. Chidambaram stated the Prime Minister neither heeded well-meant recommendation of distinguished economists nor tolerated criticism. Quoting the traditional Tamil textual content Tirukkural, Mr. Chidamabaram stated, “Remember Kural 448: “The king, without the guard of men who will rebuke him, will perish though there is none to destroy him.”
“What a way to end the 7th year of the Modi-led NDA government : surging inflation, falling industrial output, declining rupee and plunging stock market! Add crushing taxes, growing unemployment and more people pushed into poverty and debt. This is the result of five years of colossal mismanagement starting with demonetisation in November 2016,” Mr. Chidambaram tweeted.
Since then, each step had been mistaken and the federal government wouldn’t settle for that its insurance policies and selections had been hopelessly mistaken, he added.
Separately, Lok Sabha member Manish Tewari tweeted to level out that the worth of the Indian rupee to the greenback had crossed ₹75, amongst different issues.
“1 USD = 75.05. Retail Inflation = 5.52 % Industrial Output = -3.6. % Infrastructure & Construction = -4.7 %ALL IS WELL With 5 TRILLION ECONOMY,” tweeted Mr. Tewari.
[ad_2]
