New Delhi, Apr 10 (ANI): Bharatiya Janata Party (BJP) leader Mukhtar Abbas Naqvi on Wednesday criticized Prime Minister Manmohan Singh for not doing enough to control spiraling inflation.
Reacting to Dr. Singh's statement that the economic slowdown in the country is temporary, Naqvi said: "Growth rate will increase and inflation will decrease. This is a mugged up, unpleasant and stale statement, and people have stopped believing this mugged up, unpleasant and stale statement. The people have been continuously given dates when the inflation will drop, but inflation has not reduced, it has only increased."
Earlier, Manmohan Singh had assured business leaders at a gathering that the government is taking all possible steps to push up economic growth in the country.
Communist Party of India (CPI) leader D. Raja also questioned the government's inability to rein in inflation and address the economic woes of the country.
"Prime Minister is not saying anything new. Let us be very clear, he has not been saying anything new. He has been reiterating their good wish that government would take the country forward to eight percent growth rate level. It is what he has been reiterating, what is new in it? He must say how he is going to do, that he is not saying and it is also know to everybody in euro zone Germany is the strongest economy and Germany is playing an important role in euro zone, it is know to everybody. What is new in what the Prime minister is saying?" said Raja.
Captains of industry, however, have welcomed the Prime Minister's statement of showing the economy in an optimistic perspective.
Congress party leader Rashid Masood, said Singh was aware of the current economic situation of the country, and his government is taking all possible measures to improve the situation.
"Absolutely, being the Prime Minister and seeing the state of the economy must surely trouble him and he is working towards it and will keep doing so. The amount of success attained, only time and circumstances will tell. But he is working towards it and should continue to do so," he said.
Growth in Asia's third-largest economy has languished near its lowest in three years amid an avalanche of criticism for Singh's government, which has grappled with a spate of political scandals since his second term began in 2009.
India's financial account, which includes foreign direct investment, portfolio investment and overseas borrowing by Indian companies, showed a surplus of $31.1 billion in the December quarter for the fiscal year ended March 31.
The Government is struggling to boost the economy, which has posted its weakest growth in a decade.
Currently, Dr. Singh is on his way to Germany to attend a bilateral summit meeting with German Chancellor Angela Merkel. (ANI)
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