The BJP leader, Dr. Subramanian Swamy has joined the chorus criticising the BJP-led Centre for the state of the economy and advised the Prime Minister, Mr. Narendra Modi, to develop a 'temper' to listen to the unpleasant truth and stop 'frightening' his government's economists, if he wants to drive the economy out of the crisis.
'The way Modi runs the government is that very few people can step out of the line. He should encourage people to tell to his face that ‘no this can't be done’. But I think he has not yet developed that temper,' Dr. Swamy said.
Dr. Swamy’s statement comes at a time when the country’s GDP growth crashed to a six-year low and the Opposition is cornering the government for the slump. The BJP leader also held the demonetisation and the hasty introduction of the GST responsible for the present economic crisis while saying that the government has not understood the policies required for higher growth.
'Today we need a method by which our economy can have a policy for the short-run, for the medium-term and for the long-term. But that is not there today. I am afraid the economists that the government has recruited seem so frightened to tell the truth to the Prime Minister, while the Prime Minister himself is focused only on the micro-projects,' he said while speaking at a book launch.
Dr. Swamy went on to say that Mr. Modi only pays heed to the micro or unilateral issues like the Ujjwala scheme for distributing cooking gas to the poor women while stressing that the economy requires a multilateral approach which encompasses various aspects. Last month, the former Prime Minister, Dr. Manmohan Singh, slammed the Modi government for the economic slowdown and said that it should 'put aside vendetta politics and reach out to all sane voices and thinking minds to steer our economy out of this man-made crisis.'
In a video shared by the Congress party on its Twitter handle, Dr. Singh said that the state of the economy today is deeply worrying, adding, 'all-round mismanagement by the Modi government has resulted in the slowdown.
'The state of the economy today is deeply worrying. Last quarter's GDP growth rate of five per cent signals that we're in 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 slowdown,' he said in the video.
Dr. Singh, noted economist, blamed demonetisation and a 'hastily-implemented' GST for the overall slowdown in the economy. According to official data released by the National Statistical Office, India’s GDP growth slumped to over six-year low to five per cent in the April-June quarter of 2019-20.