BJP’s Rajya Sabha MP Subramanian Swamy has launched yet another blistering attack against his own government saying that it was bereft of both knowledge and boldness to save the economy. His attack came hours after the latest GDP data showed that the economic growth had slumped to 5%, the lowest in six years.
Swamy wrote, “Get ready to say good bye to ₹ 5 trillion if no new economic policy is forthcoming. Neither boldness alone or knowledge alone can save the economy from a crash. It needs both. Today we have neither.”
Get ready to say good bye to ₹ 5 trillion if no new economic policy is forthcoming. Neither boldness alone or knowledge alone can save the economy from a crash. It needs both. Today we have neither
— Subramanian Swamy (@Swamy39) August 31, 2019
The Centre’s Narendra Modi government on Friday faced a real crisis after the GDP data for the first quarter of the financial year 2019-20 showed the economy growing by just 5%. This was less than 5.8% quarterly growth registered in the last quarter of the previous financial year and 8% that the Indian economy registered in the first quarter of the last financial year.
Swamy has never rated Finance Minister Nirmala Sitharaman highly as someone who was capable of managing the country’s economy. In June this year, the outspoken BJP leader had agreed that Sitharaman was made the new finance minister primarily to target honest officers adding that the Enforcement Directorate will be her ‘next target.’
This was after Swamy reacted angrily over the compulsory retirement of one Income Tax commissioner, SK Srivastava, by the Centre’s Narendra Modi government.
Earlier this month, even his detractors had supported his ‘claim’ over the finance minister’s job.