The two time Indian Prime Minister and Former Finance Minister, Senior leader of Congress party, Manmohan Singh, has on Sunday took a swipe at Narendra Modi and his government’s policies for the economic slowdown in the nation.
Hitting out at India’s growth fall to 5% (for the March-June quarter), Mr. Singh blamed Modi government and said: ‘Last quarter’s GDP growth rate of 5% signals that we ae in midst of a prolonged slowdown. India has the potential to grow at a much faster rate but all-round mismanagement by Modi govt has resulted in this slowdown.’
In a video statement, former finance minister in PV Narasimha Rao’s govt also expressed his deep concern for India’s economy and added: “India cannot afford to continue in this path. So, I urge the govt to put aside vendetta politics and reach out to sane voices and thinking minds to steer India’s economy out of this man-made crisis.”
However, BJP supporters on social media have began to strike back at Manmohan Singh with growth rate numbers during his rule. They are pointing out at 4.3% GDP growth in March 2013 quarter when Singh was India’s PM. And they refer to it as worst phase as inflation went up to 14.72% & fiscal deficit at 4.9%. Whereas, now the GDP growth of 5% now, with inflation at just 3.18% and fiscal deficit at 3.3%. And all this, despite global trade contracting by 100bps!
