New Delhi: India’s debt has nearly “tripled” to Rs 155 lakh crore in last nine years under the Narendra Modi-headed government, Congress claimed on Saturday and demanded a white paper on the state of the economy.
Supriya Shrinate, spokesperson of the grand old party, alleged that the Modi government’s ‘economic mismanagement’ is responsible for the current state of economy and claimed that Rs 100 lakh crore of debt has been added since the present dispensation assumed charge in 2014, PTI reported.
“As chief minister of Gujarat, Mr Modi used to blame those on the other side of the political spectrum as inefficient, incompetent and corrupt — adjectives that today suit him and his government more than anyone else because economic mismanagement of this government has led to a ruined Indian economy. It resulted in high prices, inflation, and high unemployment and has now resulted in a massive debt burden that the country is facing,” she said at a press conference.
“After ruining India’s economic growth story, creating huge unemployment, raging inflation, Mr Modi has done the unthinkable, which is an addition of over Rs 100 lakh crore to India’s debt, which is at an alarming level,” Supriya stated.
In a scathing ‘indictment’ of Modi regime, the Congress leader said that India’s debt under 14 Prime Ministers in 67 years was Rs 55 lakh crore, while Modi alone has increased it by over Rs 100 lakh crore.
“Economic management is not the same thing as headline management. The Indian economy cannot be managed by managing headlines. It cannot be done through teleprompters and definitely not through WhatsApp forwards. The Indian economy will have to be managed by sound economic managers who don’t want to hog the limelight. Who wants to do the work and fix the Indian economy and ensure that prosperity reaches every part of India?
“We demand a white paper on the Indian economy because the fault lines are only getting deeper,” she said.
She quipped that India has the costliest LPG cylinder, third costliest petrol and eighth costliest diesel in the world.
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