Economic Slowdown: A day after the central government released former prime minister Manmohan Singh’s analysis over the administration of the economy,
Shiv Sena ran out at the Narendra Modi-led BJP government, asking it to give heed to ‘Singh’s advice and not revel in politics over the issue.
Weighing-in on the news of Economic Slowdown, Shiv Sena in its editorial adviser, Saamana, stated: “National interest lies in hearing to Manmohan Singh’s advice. There should be no governments around the financial slowdown. Kashmir and economic production are two different issues. The market is in doldrums,”
In a video statement published on Sunday, Manmohan Singh became called the state of the economy “deeply worrying”,
and told the last ‘quarter’s GDP growth rate of 5 per cent signs that “we are between a continued slowdown”.
However, the administration refused Singh’s criticism on Tuesday,
assuming it does not subscribe to his study as India has now grown the world’s 5th-largest market from 11th during his time.
“We do not consent to what Manmohan Singh has explained…India was 11th largest- economy of the world. Now it is 5th, and we are moving to be 3rd,” I&B Minister Prakash Javadekar said.
But Shiv Sena said authorities should be made in to tackle the issue. “A wise man like Manmohan has said that no governments should be worked about this slowdown. We should get the help of experts and master it. It is time we discovered his advice,” Shiv Sena said on Wednesday.
The growth could dent the BJP-Shiv Sena connections in Maharashtra.
‘India’s economy grew at its most leisurely pace in over 6-years in the June section following a sharp deceleration in customer demand and modest investment.
According to data issued by the government on Friday, India’s regularly GDP has come down to 5 per cent as opposed to 5.8 per cent in the last quarter of the financial year. The number stood at 7.8 per cent in the same quarter of the preceding financial year.
The industrial sector and private consumption are being charged for the slump.