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FM more interested in finding excuses: Cong
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FM more interested in finding excuses: Cong

Agency News

New Delhi, Sep 11 : Attacking the Centre over the state of economy in the country, the Congress on Wednesday wondered why the Finance Minister was more interested in cracking jokes and finding excuses instead of putting-in efforts to bring the economy on track.

Addressing a press conference here, Congress spokesperson Abhishek Manu Singhvi said, 'Why the Finance Minister is more interested in cracking jokes and finding excuses instead of putting-in efforts to bring the economy on track?'

He asked the Government how will the country be able to become a USD 5 Trillion economy with such a slowdown?

'The slowdown in automobile sector is there since the past one year. Then why steps were not taken in the recent General Budget to overcome the problem?' he said.

'Why is the Prime Minister not coming at the front, taking responsibility, and taking steps to

tackle the slowdown? Why is he silent and hiding?' the Congress spokesperson asked.

He said that the statement made by the Finance Minister on Tuesday reflects the inefficiency and inexperience of the BJP governance.

“The statement made by the Finance Minister reflects the inefficiency, immaturity, and

inexperience of the BJP in governance. The gross overstatement made by the FM is a grave joke on the poor state of the economy,”Singhvi said.“The dip in GDP has become the ‘new normal’ for the BJP,”he added.

Addressing Press in Chennai on Tuesday the Finance Minister said, "The automobile and components industry has been affected by BS6 and the mindsets of millennials who now prefer to have Ola and Uber rather than committing to buying an automobile."

The Congress spokesperson, pointing to the Finance Minister's statement that a dip in GDP is ‘part of growth’, said,' It implies that the dip in GDP has become the ‘new normal’ for the BJP.

The gross overstatement made by the FM is a grave joke on the poor state of the economy. She must self-expunge her remarks and apologies from the nation.'

He said that the app-based car booking system and the auto sector can not be correlated.

'App-based services like Ola and Uber prevail in metros and tier-II cities. Conversely, the sharp decline in the auto sector is spread across India including the rural regions as well.

Mobile app-based car booking system did not emerge at once. They have been in the country for almost a decade now. Indeed, app-based car booking is not a new trend that is responsible for killing the new car market. The trend of the slowdown in the automobile industry did not

come all of a sudden. Sales have fallen in 12 of the 13 months since July 2018,'he said.
Mr Singhvi said the Finance Minister should also remember the slowdown isn’t affecting auto companies alone, but its impact is felt across sectors, throughout the economy. Have Ola and Uber become this powerful that they can impact the economy at such a large scale?(UNI)