October 4, 2017

Arun Shourie lamblasts the govt on state of economy

"This is a government of two-and-a-half persons, that is, Narendra Modi, Amit Shah and one in-house lawyer. They don't have the expertise and they have surrounded themselves by persons who don't have the expertise.

"They are now in a sealed echo-chamber. They don't hear what is happening. The distress the RBI has documented of small and medium enterprise. These poor fellows had been clamouring and shouting. Nobody heard them," he added.

He said that persons like Yashwant Sinha, P. Chidambaram and several other economists have been "talking about facts".

"And those facts emerge from official reports such as The Economic Survey, the RBI surveys, the SBI's report etc. Is it a fact or not that GDP has collapsed to 3.7 per cent according to the old series? Is it a fact or not that index of industrial production has gone down from about 9 per cent in 2015-16 to about 1.7 per cent in April to July? Is it not a matter o ..

Read more at: http://economictimes.indiatimes.com/articleshow/60934642.cms

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