Congress vice president, Rahul Gandhi, has hit out at the Centre’s Narendra Modi government over the criticism by veteran BJP leader and former finance minister, Yashwant Sinha for Indian economy.
Taking to Twitter, Rahul, who’s currently touring election bound Gujarat, said, “Ladies & Gentlemen, this is your copilot & FM speaking. Plz fasten your seat belts & take brace position.The wings have fallen off our plane,”
Ladies & Gentlemen, this is your copilot & FM speaking. Plz fasten your seat belts & take brace position.The wings have fallen off our plane https://t.co/IsOA8FQa6u
— Office of RG (@OfficeOfRG) September 27, 2017
This was after Former Finance Minister P Chidambaram lashed out at the Modi government asking if it will finally conceded that the economy was sinking.
Taking to Twitter, Chidambaram said, “Yashwant Sinha speaks Truth to Power. Will Power now admit the Truth that economy is sinking?”
He added, “ETERNAL TRUTH: No matter what Power does, ultimately Truth will prevail.”
Titled as ‘I need to speak up now,’ Sinha written in the Indian Express that he will be failing in his ‘national duty’ if he did not ‘speak up’ now against the ‘mess the finance minister has made of economy.’
He had particularly singled out Finance Minister Arun Jaitley for the mess in the economy. Mocking his appointment into the Modi government as an important minister despite losing Lok Sabha elections from Amritsar in 2014, Sinha wrote, “Arun Jaitley is considered to be the best and the brightest in this government. It was a foregone conclusion before the 2014 elections that he would be the finance minister in the new government. His losing his Lok Sabha election from Amritsar was not allowed to come in the way of this appointment. One may recall that in similar circumstances Atal Bihari Vajpayee had refused to appoint Jaswant Singh and Pramod Mahajan, two of his closest colleagues in the party, to his cabinet in 1998.”
The GDP numbers out last month showed that it had slowed down to its three-year low at 5.74%. The reason being described for the considerable slowdown in economy was Prime Minister Narendra Modi’s demonetisation decision.
Sinha said that the actual growth in the last quarter was even lower given that the Modi government had changed the methodology to measure economic growth.
He wrote, “And please note that the methodology for calculation of the GDP was changed by the present government in 2015 as a result of which the growth rate recorded earlier increased statistically by over 200 basis points on an annual basis. So, according to the old method of calculation, the growth rate of 5.7 per cent is actually 3.7 per cent or less.”
He had also taken a potshot at the BJP President, Amit Shah, for blaming the technical reasons for the slump in Indian economy adding that even the CBI had contradicted him.