Mumbai, October 17, 2019: Senior Congress leader and former Prime Minister Dr. Manmohan Singh has said that due to the discriminatory policies and inefficiency of the Modi government, the country is stuck in the crisis of economic recession due to which the hopes of the people are clouded and their future looks bleak.
Dr. Manmohan Singh was interacting with business community and media in Mumbai.
present slowdown and the Govt’s apathy and incapability are affecting the
future and aspirations of millions of our people. The much advertised, double
engine model of governance on which the BJP seeks votes has utterly failed.”
slowdown has impacted by rising Chinese imports. In 5 years, imports have risen by more than ₹ 1.22 lakh cr. Chemicals, fertilisers, electronic goods
& automobiles manufactured in Maharashtra have seen rising import”, he
said, “As demand & production have contracted due to economic
mismanagement, business sentiments are down across the state & many firms
face closure. The Industrial slowdown is coming in India’s way to optimally
utilise its demographic dividend.”
“It is thus
no surprise that many of our young men and women are taking up low paying jobs,
investors are shifting to other states. Distress prevailing in our rural areas
will add to the unemployment problems as migration increases”, he added.
said, “Caught between low income and high death traps, the suicide rate has
doubled. The obsession with low inflation is inflicting misery on our farmers.
The Central Government’s import export policies are also hurting farmers.
have no control over nature, we can ensure a mitigation of the damage if we are
economically sound. Unfortunately, the BJP Govts at the Centre and in
Maharashtra have been unwilling to adopt people-oriented policies.”
Congress leader said, “The Govt is obsessed with trying to somehow fix blame on its
opponents. In the process, it is unable to find solutions that will ensure the
revival of the economy particularly strengthening of our banking system.”
tenure as PM, I had the privilege to work with many leaders from Maharashtra. I
found that they were all committed to delivering good governance to the people
of Maharashtra. During my tenure as PM, I had the privilege to work with many
leaders from Maharashtra. I found that they were all committed to delivering
good governance to the people of Maharashtra”, he added.
He said, “It is my sincere belief that we need to go back to these time-tested measures if we are to ensure gainful employment for our young people, farmer welfare and a better standard of living for all the people of Maharashtra.”
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