I need to speak up now said Yashwant Sinha

Team Udayavani, Sep 27, 2017, 11:58 AM IST

New Delhi: Senior BJP leader and former finance minister Yashwant Sinha has now hit out at Finance Minister Arun Jaitley criticizing the current state of economy.

Sinha has shared his opinion on the current state on English daily where he said “I shall be failing in my national duty if I did not speak up even now against the mess the finance minister has made of the economy.”

Yashwant Sinha further added saying, “I am also convinced that what I am going to say reflects the sentiments of a large number of people in the BJP and elsewhere who are not speaking up out of fear.”

Questioning the current state he said, “Private investment has shrunk as never before in two decades, industrial production has all but collapsed, agriculture is in distress, construction industry, a big employer of the work force, is in the doldrums, the rest of the service sector is also in the slow lane, exports have dwindled, sector after sector of the economy is in distress”

“Demonetisation has proved to be an unmitigated economic disaster, a badly conceived and poorly implemented GST has played havoc with businesses and sunk many of them and countless millions have lost their jobs with hardly any new opportunities coming the way of the new entrants to the labour market.” He added

“For quarter after quarter, the growth rate of the economy has been declining until it reached the low of 5.7 per cent in the first quarter of the current fiscal, the lowest in three years.”

Mr Sinha predicts that a revival by the time of the next Lok Sabha election “appears highly unlikely”.

Many critics including the Congress tweeted the article, ensuring its place among top trends. Delhi Chief Minister Arvind Kejriwal of the Aam Aadmi Party called it a “very hard-hitting article”.