The NDA government on Monday rejected former Finance Minister P Chidambaram’s claim that the 5.7 per cent growth rate which Indian economy has clocked in the first quarter of the current fiscal was on account of the policies of the previous UPA regime.
Union Minister Prakash Javadekar said that while Chidambaram was ‘free’ to make such claims, the economic buoyancy witnessed in the country is the ‘reflection’ of the action taken by the Narendra Modi government. ‘It doesn’t matter what Chidambaram says because people have seen in this country how the economy got decayed, how it was destroyed during their (UPA’s) 10-year government. Today they are seeing the difference,’ Javadekar told reporters here.
Chidambaram had on Saturday said that the 5.7 pc growth rate vindicates the UPA position that the decline in GDP growth had been halted in the middle of 2013-14 as also its forecast that the upturn will take place in the beginning of 2014-15. Hitting out, Javadekar said that the Modi government has put an end to the phenomenon of ‘policy paralysis’ witnessed under UPA rule. ‘Now, there is no policy paralysis. Decisions are taken and they are getting reflected in the buoyancy of the economy.
Javadekar averred that the thought process in government has changed after Modi took over as prime minster.
Union Minister Prakash Javadekar said that while Chidambaram was ‘free’ to make such claims, the economic buoyancy witnessed in the country is the ‘reflection’ of the action taken by the Narendra Modi government. ‘It doesn’t matter what Chidambaram says because people have seen in this country how the economy got decayed, how it was destroyed during their (UPA’s) 10-year government. Today they are seeing the difference,’ Javadekar told reporters here.
Chidambaram had on Saturday said that the 5.7 pc growth rate vindicates the UPA position that the decline in GDP growth had been halted in the middle of 2013-14 as also its forecast that the upturn will take place in the beginning of 2014-15. Hitting out, Javadekar said that the Modi government has put an end to the phenomenon of ‘policy paralysis’ witnessed under UPA rule. ‘Now, there is no policy paralysis. Decisions are taken and they are getting reflected in the buoyancy of the economy.
Javadekar averred that the thought process in government has changed after Modi took over as prime minster.