Those in govt have little understanding of economy: AAP after

Image
Press Trust of India New Delhi
Last Updated : Sep 27 2017 | 9:13 PM IST
Latching on to senior BJP leader Yashwant Sinha's criticism of Centre's handling of the economy, the AAP today said those running the Union government had "little understanding" of economy.
Addressing a news conference, Delhi's Finance Minister and senior AAP leader Manish Sisodia said all key indicators suggest that the economy is going through its worst phase in many years.
"From the fastest growing economy, the Modi government has thrown the Indian economy into a free fall, which will have disastrous consequences for the country," Sisodia said.
In a newspaper article, Sinha, who was finance minister under the Atal Bihari Vajpayee government, criticised Arun Jaitley over the "mess the finance minister has made of the economy" and said he would be failing in his national duty if he did not speak up.
Chief Minister Arvind Kejriwal described Sinha's article as "hard-hitting".
Sisodia said, "The individuals running the central government have little understanding of economy."
He said the growth rate has fallen consistently over the last six quarters and manufacturing and agriculture sectors, which employ a majority of Indians, have suffered the worst decline.
"All key economic indicators show that the economy is going through its worst in many years. From being world's fastest-growing major economy just one year ago, we have become a free-fall economy with slow growth, low investment and no jobs," he added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 27 2017 | 9:13 PM IST

Next Story