Modi behind “economic chaos”: Congress
Team Udayavani, Nov 16, 2017, 9:16 AM IST
New Delhi: The Congress today hit out at Prime Minister Narendra Modi for creating “economic chaos” in the country and demanded that his government take immediate steps to bring the economy back on track and check further price rise.
Congress spokesperson RPN Singh expressed concern over the allegedly widening trade deficit which, he said, was at a 3-year high with a slump in exports. He said inflation, at a six-month peak, was hitting common people hard.
“India’s trade deficit is at a 3-year high. Exports are plunging and ‘Make in India’ scheme has merely become a slogan. Will Modi ji answer? “It is high time the Modi government provides some respite to the common people by taking sound policy decisions on crucial issues like the inflation and exports,” he told reporters.
The Congress, in an article on its website, alleged that the country’s trade deficit had ballooned to a 3-year high which was “alarming” and “a cause for worry” as the world economy was on a recovery path with most inputs like crude oil becoming cheaper. It blamed the “failed” government policy for the increase in trade deficit.
The party said the GST was acting like a “hand brake” on the economy and preventing it from participating in the global recovery, insisting that the new indirect tax regime being implemented by the Modi government was a far cry from the one the Congress had envisioned.
Calling the GST a “complicated mess”, the article said nobody was able to comprehend it. “The government itself is struggling in trying to explain it to the traders, so why did the government implement it this way in the first place?
“It is, however, agonising to see that the mistakes of the government are being paid for by the economy and people of India,” the article said. Singh said rising prices punched holes in the savings of common people, and claimed the Modi government “diminished” India s image abroad as falling exports cast a “dark shadow” on trade and commerce.
“Since the BJP leaves no opportunity to project how India’s image has been enhanced on the global stage due to its economic policies, we would like to strongly underline its abysmal record on diminishing India’s international trade indices,” he said. The Modi government delivered one blow after the other and “stuttered” India s economy, he said, adding “Modinomics” weakened the country’s strong trade fundamentals and left its image “battered”.
Singh said India s trade deficit, the gap between imports and exports, stood 25 percent higher compared to last year at 914.33₹ billion, according to Ministry of Commerce data. The trade gap, he said, stood at 581.25₹ billion in September.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Will review INDI alliance’s dismal performance in Maharashtra, says Tejashwi Yadav
Minor girl out with friend raped in MP forest; truck driver, associate held
Kangana says MVA lost in Maharashtra because it disrespected women
All-party meet: Govt seeks smooth Winter Session, Congress pushes for early debate on Adani issue
Container truck hits road divider on Mumbra bypass, disrupts traffic
MUST WATCH
Latest Additions
Ullal: Auto-rickshaw accident near Konaje claims driver’s life
Congress victory in bypolls not a clean chit to CM in MUDA case: R Ashoka
IPL 2025 | Got someone who can do captaincy job: Ricky Ponting on Shreyas Iyer
Will review INDI alliance’s dismal performance in Maharashtra, says Tejashwi Yadav
Gangavati Railway Station to be renamed Anjanadri: M.B. Patil
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.