After Congress’s numerous attacks on the government for the on going economic slowdown the Communist Party of India (Marxist) leader Sitaram Yechury has also unleashed a series of critical tweets against the Finance Ministry. Accusing the government of destroying the economy, the CPI(M) on Friday said “Jumlanomics” was to blame for the current situation countrywide.
Reacting to news reports on failure of government schemes leaving discoms in the red, Yechury charged that government’s policies have burdened the poor.
“Having destroyed the Indian economy under its watch, the govt gave huge tax cuts and benefits to rich corporates but it wants to burden the poor more. Not just in Kashmir or in Assam, it wants to inflict misery and pain countrywide.
Having destroyed the Indian economy under its watch, the govt gave huge tax cuts and benefits to rich corporates but it wants to burden the poor more. Not just in Kashmir or in Assam, it wants to inflict misery and pain countrywide. https://t.co/OVwRPEZ65o
— Sitaram Yechury (@SitaramYechury) October 11, 2019
“This govt’s focus has been on self promotion and helping its crony friends rather than on governance. The chickens are now coming home to roost. What was billed as a reform has actually made things worse for states. Jumlanomics is to blame,” he tweeted.
This govt’s focus has been on self promotion and helping its crony friends rather than on governance. The chickens are now coming home to roost. What was billed as a reform has actually made things worse for the states. Jumlanomics is to blame. pic.twitter.com/Ct4tNZ3i8N
— Sitaram Yechury (@SitaramYechury) October 11, 2019
Last month, former prime minister and finance minister Manmohan Singh said the state of country’s economy was “deeply worrying” and urged the government to put aside “vendetta politics” and reach out to sane voices to steer the economy out of the “man-made crisis.”
The Congress leader said “all-round mismanagement” by the Modi government was responsible for the slowdown. “The state of the economy today is deeply worrying. The last quarter’s GDP growth rate of 5 per cent signals that we are in the midst of a prolonged slowdown. India has the potential to grow at a much faster rate but all-round mismanagement by the Modi government has resulted in this slow down,” he said in a statement.
Singh said the country’s youth, farmers and farm workers, entrepreneurs and the marginalised sections deserve better. India cannot afford to continue down this path, he said, adding, “I urge the government to put aside vendetta politics, and reach out to all sane voices and thinking minds, to steer our economy out of this man-made crisis.”
Congress General Sceretary Priyanka Gandhi and former party president Rahul Gandhi have also attacked the government over their failure to control the plunging GDP rate and rising unemployment in the country.