‘Poll will be fought on how UPA mismanaged economy’
30 March 2014 11:37 PM GMT
‘The rank of mismanagement of India’s economy under an economist Prime Minister leading to price rise, higher unemployment and the near-destruction of all engines of economy is one of the biggest shames of the ten-year misrule of Congress-led UPA,’ BJP leader Ravi Shankar Prasad charged.
He claimed when NDA had handed over power to UPA in 2004, the state of the economy was ‘robust in all spheres’ and the higher growth level achieved in the initial years of UPA was a result of the solid base its coalition left.
‘All the parametres of the Indian economy were fine when NDA left and gave a solid base...Today, policy paralysis, indecision, price rise, corruption and scams have become the order of the day. This government is not looking inward as far as sheer destruction of Indian economy is concerned...This election will be fought on how you ran the country,’ he said.
Dishing out figures from government data, Prasad listed various parametres on which the economy is in shambles - be it lower growth rate and industrial growth, high fiscal deficit, inflation and current account deficit, rising unemployment and declining industrial production and manufacturing sector.
He claimed when NDA had handed over power to UPA in 2004, the state of the economy was ‘robust in all spheres’ and the higher growth level achieved in the initial years of UPA was a result of the solid base its coalition left.
‘All the parametres of the Indian economy were fine when NDA left and gave a solid base...Today, policy paralysis, indecision, price rise, corruption and scams have become the order of the day. This government is not looking inward as far as sheer destruction of Indian economy is concerned...This election will be fought on how you ran the country,’ he said.
Dishing out figures from government data, Prasad listed various parametres on which the economy is in shambles - be it lower growth rate and industrial growth, high fiscal deficit, inflation and current account deficit, rising unemployment and declining industrial production and manufacturing sector.
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