‘BJP, ministers lack imaginative and prescient to revive economic system’: Congress’ Anand Sharma calls Nirmala Sitharaman’s feedback on inflation ‘absurd’
New Delhi: The Congress on Saturday termed Finance Minister Nirmala Sitharaman’s feedback on inflation as “absurd” and accused the BJP-led authorities of missing a “vision” to place the nation’s economic system again on observe.
“The finance minister just concluded a press conference. It was disappointing. Looking at India’s economic situation, it was expected that the government will take steps to revive the economy, increase investments, create jobs and address issue of exports,” senior Congress chief Anand Sharma advised reporters at a press convention right here.
“The finance minister has said that inflation is under control. This is absurd. The finance minister did not announce any measures to address the current economic situation. The BJP and its ministers lack the vision to revive the economy,” he stated.
Earlier within the day, Sitharaman stated that inflation is underneath management and there’s a clear signal of revival of business manufacturing. The finance minister additionally stated that inflation within the vary of two.5 to 4 per cent is taken into account secure and it has been held underneath 4 per cent.
Sharma, who served as commerce minister, within the Manmohan Singh-led regime, stated that BJP ministers’ “shocking” statements “insulted” the youth of the nation.
“If anyone has understood what the finance minister has said, please make me understand what she said,” he stated in a jibe at Sitharaman.
Persevering with his tirade in opposition to Sitharaman, Sharma termed as “shocking” the finance minister’s ‘millennials are liable for the financial slowdown’ comment and stated she didn’t apologise for her assertion.
“No finance minister before this has made such an insulting remark,” he stated.
“Unemployment is rising, many industries are facing losses and closing down. The GDP growth has slowed down to 5 per cent. The finance minister and others are not able to understand the issues facing our economy. Unless the government invests, reviving the economy seems difficult,” Sharma remarked.
He stated that the federal government’s imaginative and prescient of reaching a $5 trillion economic system appeared like a “distant dream”.
“They talk of achieving $5 trillion economy. Former Prime Minister Manmohan Singh said if we have to achieve the figure, our nominal growth should be 12 per cent and real GDP should be 9 per cent. Forget about this term, I don’t think that this can happen in the coming few years,” Sharma stated.