The Congress on Sunday charged the Narendra Modi government of indulging in a mismanagement of the Indian economy, resulting in loss of jobs for youth, stagnant real incomes for farmers, collapse of the manufacturing sector, destruction of micro, small and medium businesses, paralysis of India’s banking sector and a severe dent in business confidence and rising inflation expectations of households.
The economic resolution, adopted at the 84th plenary session of the Congress with an amendment to include a reference to the plight of the fisherman community slammed the NDA government for its demonetisation policy, flawed implementation of the goods and services tax, non fulfilment of promise to provide jobs to youth, the series of bank scams and issue of farmers distress.
The resolution, moved on the second day of the plenary session by senior Congress leader and former Finance Minister P Chidambaram, said that the sustained economic growth is the path toward becoming a middle-income developed country and the path to lifting the poor out of poverty, something which could only be achieved by rescuing the country from the ‘incompetent economic managers’ and entrusting to those ‘’who have for many years nurtured the economy and guided it on the path of all-round economic development’’. ‘’We have heard the clamour for change. It is now time for change,’’it said. (UNI)