Yashwant Sinha and P Chidambaram engaged in a fresh war of words
Yashwant Sinha
New Delhi: In a fresh war of words between the BJP and the Congress on the state of the economy ahead of the polls, saffron leader Yashwant Sinha on Sunday accused the government of “running the economy to the ground” and posed 18 questions to it, which finance minister P. Chidambaram later rebutted, saying that a stable UPA and the steps it had taken were responsible for the current rally in the financial markets, and not some “hope” that the Opposition wanted to project.
Mr Sinha, himself a former finance minister, argued that the high economic growth rate witnessed in the first four years of UPA-1 (2004-2007) was largely due to measures initiated by the NDA government, and not because of any steps by the UPA.
“You really harvested what was sown by us,” he said, reasoning with the finance minister, and added, “Is it not a fact that after 10 years of misrule by the UPA government, the economic growth rate has once again slowed down drastically to below 5 per cent?”
Mr Sinha said GDP growth registered a mere 4.7 per cent in October-December quarter of 2013-14, while manufacturing and mining saw a
decline of 1.9 per cent and 1.6 per cent in the quarter.
( Source : dc correspondent )
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