Congress vice-president Rahul Gandhi, currently on a three-day tour to Gujarat, took to Twitter to hit out at the government over what BJP leader and former finance minister Yashwant Sinha termed as a ‘downward spiral’ of the Indian economy. Sinha expressed his views in an op-ed for The Indian Express, saying he would be failing the nation if he didn’t voice his concern, even now.
“Ladies & Gentlemen, this is your copilot & FM speaking. Plz fasten your seat belts & take brace position.The wings have fallen off our plane,” Gandhi tweeted this morning.
In his article, Sinha highlighted where the economy was in doldrums, questioning how even a ‘superman’ like Finance Minister Arun Jaitley couldn’t do justice to the ministry. “Private investment has shrunk as never before in two decades, industrial production has all but collapsed, agriculture is in distress, construction industry, a big employer of the work force, is in the doldrums, the rest of the service sector is also in the slow lane, exports have dwindled, sector after sector of the economy is in distress, demonetisation has proved to be an unmitigated economic disaster, a badly conceived and poorly implemented GST has played havoc with businesses and sunk many of them and countless millions have lost their jobs with hardly any new opportunities coming the way of the new entrants to the labour market.