BJP seeks clarification on Standard and Poor's report

June 13, 2012 21:37

After Finance Minister Pranab Mukherjee rejected the Standard and Poor's report, the BJP today sought to know if he differed from his own chief economic advisor, who has said the Indian economy is going through a "spiral of despair" and no solution appears to be in sight.

Quoting Chief Economic Advisor Kaushik Basu, who was speaking at a programme in Mumbai, BJP spokesperson Nirmala Sitharaman said, "Domestic problems rather than the global economy's woes explain much of the slowdown. It is not responsible for us to shy away from that fact. We owe it our country to point out to that fact."

She asked Mukherjee if he disagrees with Basu and also with the latest Index of Industrial Production figures, which stands at 0.1 per cent for April.

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