Congress President Rahul Gandhi on Friday mocked Prime Minister Narendra Modi’s pet scheme, Make in India, by calling it Fake in India. Reacting to the reports that the new project announcements by Indian companies had touched a 13-year low of Rs77,000 crore in the December quarter,
Gandhi tweeted, “Guys a quick update on the Fake in India program. #FakeinIndia.” Quoting the Centre for Monitoring Indian Economy, a report by Mint had said that the latest numbers suggest that the investment cycle in India is unlikely to witness a turnaround anytime soon.
— Rahul Gandhi (@RahulGandhi) January 4, 2018
This means that it may take longer than expected for India’s growth engine to roar back to life. CMIE’s capital expenditure database is the most widely tracked one in India, and the data on new project announcements serves as a lead indicator for the economy.
Gandhi, who was elected as the Congress president in December, has shown incredible aggression against PM Modi. His tweets, often quirky and witty, during Gujarat elections frequently promoted the BJP and its senior leaders to react to the former’s attack.
The Congress had considerably improved its tally in the Gujarat elections taking its number of seats to 78 from 61 five years ago.