Millennium Post

Manmohan's 5-point guide to revive economy

Manmohans 5-point guide to revive economy

New Delhi: In a scathing attack on the Narendra Modi government's handling of the economy, former Prime Minister Manmohan Singh has said it may take a few years for the country to get out of this slowdown, provided the Centre acts sensibly now.

Calling for the Centre to come out of its habit of "headline management", Dr Singh, an eminent economist himself, said the "first step in a crisis is to acknowledge that we are facing one."

In interviews to Dainik Bhaskar and the Hindu Business Line, he predicted that this slowdown would be "prolonged" as it is cyclical as well as structural.

Calling for structural reforms to address the downturn, he said the government was wasting its historic mandate by not focusing on economic growth.



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