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Cong questions PM Modi's assertion on FDI numbers

Press Trust of India  |  New Delhi 

The today contested Prime Minister Modi's claim of a "record" foreign direct investment (FDI) into the country last year, saying it was far from the truth and that the has been the lowest in 13 years in 2017.

also said Modi should have talked about the "poor state" of the as well.

"The today said fresh investment in the country has been the highest. This seems an incomplete truth...it would have been better had he told (the PIOs) that investment (made in the country) has been the lowest in last 13 years," Babbar told reporters.

Earlier today, addressing the first PIO-Parliamentarians Conference here, Modi said, "is changing, is transforming. has moved far ahead...A record USD 60 billion came into the country last year."

Babbar said the should have told the Persons of Indian Origin (PIOs) that fresh investment in 2014, during the of Manmohan Singh, was Rs 16.2 lakh crore and it came down to Rs 7.9 lakh crore in 2017.

"It would have been better had the put forth all the statistics (relating to the economy)," he said.

Babbar also said it would have been better had Modi talked about the "poor state" of the This would have helped as the would have worked for taking the country forward, he added.

The claimed growth in the manufacturing sector has also come down and unemployment has increased. He claimed there was a slowdown in the country's and the


On Congress Rahul Gandhi's visit, Babbar said he was trying to unify people.

He, however, did not comment on the Supreme Court's decision on playing national anthem in cinema halls, but accused the of adopting "diversionary tactics".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 22:50 IST
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