Pol­icy

Govt blames all but it­self for eco slump: Cong on FM’s cab re­mark

The Times of India (New Delhi edition) - - Times Nation - TIMES NEWS NET­WORK

New Delhi: Slam­ming Union fi­nance min­is­ter Nir­mala Sithara­man’s re­mark that au­to­mo­bile sec­tor slow­down was due to change in mind­set of mil­len­ni­als who pre­ferred “Ola, Uber”, Congress on Wed­nes­day said the govern­ment was ready to blame ev­ery­one ex­cept it­self for the eco­nomic woes of the coun­try. The party asked why was PM Modi silent on slow­down while be­ing elo­quent on other is­sues.

AICC spokesman Ab­hishek Singhvi said, “Ap­ply­ing the FM’s logic, are land­lords and mil­len­ni­als who go for rented ac­com­mo­da­tions re­spon­si­ble for re­ces­sion in the real es­tate mar­ket? Are spend­thrift home­mak­ers re­spon­si­ble for the ris­ing fis­cal deficit? Has the work­force re­duced by 90 lakh from 2012 to 2018 be­cause fam­ily busi­nesses are grow­ing and hence em­ploy­ment is go­ing down? This logic must ap­ply if the FM’s logic is cor­rect.”

He said the min­is­ter’s ar­gu­ment would sug­gest that stock mar­ket has crashed to a 17-year low be­cause of earth­quake and not be­cause of eco­nomic con­di­tions. Singhvi lamented that fi­nance min­is­ter was in­ter­ested in “crack­ing jokes” in­stead of putting In­dia on a re­cov­ery path.

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