State of Indian economy: Sinha vs Sinha, Congress continues offensive

28 September, New Delhi

 

The state of India’s economy ignited a controversy on Thursday with the Opposition Congress assertion that it was headed for the ICU.The National Democratic Alliance dispensation at the Centre fielded ex-Finance Minister Yashwant Sinha’s son, Union MoS for Civil Aviation Jayant Sinha, to salvage its image while actor-turned-politician Shatrughan Sinha joined forces with the Bharatiya Janata Party veteran from the Hindi heartland.Congress again attacked the NDA.

Shatrughan Sinha endorsed the views of Yashwant Sinha.BJP sources on Wednesday termed former Finance Minister Yashwant Sinha’s outbursts on Indian economy as an act of “frustration” but ruled out immediate disciplinary action against him.BJP leaders, including Union Ministers, were visibly embarrassed by Mr Sinha’s sharp attack.

At a media briefing, two senior Ministers Rajnath Singh and Ravi Shankar Prasad, were reluctant to field questions on the subject.In the end, the Home Minister, also a former BJP chief, countered  Yashwant Sinha and said, “There can be no denying the fact that India is today the fastest growing economy”.

Jayant Sinha stated, “In sum, the structural reforms unleashed by the Narendra Modi government since 2014 constitute the third generation of changes since 1991 and the 1999-2004 NDA government.”

His father, Yashwant Sinha’s editorial in a leading English daily, had sparked a political storm on Wednesday.”Unlike the first and second generation of reforms, this third set of changes balances a better life for all Indians with the requirements of an advanced, sophisticated 21st century economy,”  Jayant Sinha wrote in article in a leading English daily.

Sinha Jr stated: “Several articles have been written recently on the challenges facing the Indian economy. Unfortunately, these articles draw sweeping conclusions from a narrow set of facts, and quite simply miss the fundamental structural reforms that are transforming the economy.”These structural reforms are not just desirable, they are necessary to create a ‘New India’ and provide good jobs for our billion-strong workforce,” he added.

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