Due to PM's wrong policies, economy is going down: Owaisi

September 27, 2017 19:46

Latching onto former Union Finance Minister and BJP leader Yashwant Sinha's critical comments on the state of economy, MIM president Asaduddin Owaisi today attacked the NDA government for its handling of the economic situation.

"Whatever he (Sinha) has said in that article is completely true. I don't know why did he stop at not blaming the prime minister himself. It is the prime minister who is leading this government," he told reporters.

Not only Sinha, even BJP leader Subramanian Swamy and political commentator S Gurumurthy have also criticised the NDA government for its handling of economy, Owaisi said.

"Secondly, not only Yashwant Sinha, even Subramanian Swamy has said that the economy is heading towards depression. Then you have this, one of the core supporters of the RSS, Gurumurthy also criticising that the economy is going to shake," the Hyderabad MP said.

Owaisi said the "responsibility" now lies with the prime minister himself "that because of his wrong policies, the economy is going down".

Various economic parameters have portrayed a negative picture of the economy, he claimed.

"You have all private sector, important people saying that economy is doing very bad. Private sector cannot grow in the next two years. The construction industry is down. Exports...the government does not have money to pay Rs 55,000 crore back to exporters.

He alleged that despite low oil prices, the government has increased central excise duties.

"Every sphere of economic activity is in doldrums. The responsibility solely lies with honourable Prime Minister," he said.

In a newspaper article headlined, "I need to speak up now", Sinha criticised incumbent Finance Minister Arun Jaitley over what he called the "mess the finance minister has made of the economy". -- PTI

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