Amazon Pay
SBI
Grofers

Narendra Modi, Arun Jaitley dealing 'catastrophic' blow to India's growth story, says Congress

New Delhi: The Congress has accused Prime Minister Narendra Modi and Finance Minister Arun Jaitley of ignoring economic wisdom and dealing a "catastrophic" blow to India's growth story.

File image of Narendra Modi. PTI

File image of Narendra Modi. PTI

Party communication in-charge Randeep Surjewala claimed that the double whammy of a "Modi-made disaster of demonetisation" and the implementation of a flawed GST were responsible for the economy's downturn. "An arrogant Modi and a failed Jaitley, hell bent upon ignoring economic wisdom, have dealt a catastrophic blow to India's growth story, as proved by the latest GDP estimates slumping from 7.3 percent to 6.5 percent," he said on Tuesday, adding that the truth was that investment had stagnated, job creation was abysmal, exports were in dire straits, stalled projects were burgeoning, inflation remained unchecked and rural distress was at an all-time high.

"Hype, hyperbole and headline management cannot be a substitute to the grim reality on the ground," Surjewala said. He alleged that 6.5 percent GDP growth "detailed the failed promise of the prime minister and explained the abject failure of 'Modinomics'." He claimed that job creation was the BJP government's biggest failure.

"As the BJP government completes four years of its term, people are seeing through the long distance between rhetoric and reality," Sujrewala said, adding that people would give a befitting political reply when the time came.


Updated Date: Feb 28, 2018 13:32 PM

Also See