STOCK MARKET BSE NSE

Modi Government has Failed to Revive Economy: Congress

Published: 30th December 2015 03:45 PM  |   Last Updated: 30th December 2015 03:45 PM   |  A+A-

By PTI

NEW DELHI: The Narendra Modi government has failed to revive the economy, Congress leader Anand Sharma said on Wednesday.

"On economy front, the government is clueless how to revive the economy... We are not doing well in any sector," Sharma said while addressing the media.

He said the 19 months of the National Democratic Alliance (NDA) government were marked by "unaccountable centralisation of power, policy making and administrative decisions" leading to an "authoritarian style of functioning which resulted in breakdown of the structures of governance which has paralysed administration and undermined institutions".

"The welfare system the UPA had built has been weakened (now). The government made major cuts in education, health and women welfare," he said.

He said the GDP to rising debt ratio, which was brought down from 63 percent to 48 percent, has gone up to 53 percent in one year.

"If you go by the old method of GDP calculation, growth is only 5.2 percent," he added.

He also pointed out that the farming sector was depressed and the Modi government has failed the farmers.

Sharma accused the BJP government of being "insensitive to the poor and under-privileged people".

"It has shown callous disregard to the plight of the Indian farmers, who have been severely affected by the ongoing agrarian distress, floods and droughts in many parts of the country," he said.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp