Congress to demand white paper on economy

RSTV Bureau
File Photo: Congress member Anand Sharma in the Rajya Sabha.

File Photo: Congress member Anand Sharma in the Rajya Sabha.

Congress will strongly pitch for bringing out a white paper on the state of the economy in the upcoming Budget session of Parliament beginning on 23rd of this month. The party claims that the move will expose the NDA government’s failure on economic front.

The principal opposition party would also raise the issues of alleged misuse of the office of the governor, atrocities on dalits, “tension and conflict orchestrated” in university campuses and other institutes of excellence, deputy leader of the party in the Rajya Sabha Anand Sharma said.

Sharma said Congress would persist with the demand of a white paper on the economy in view of the “boastful claims” of the Prime Minister.

Sharma claimed that all sectors of the economy were slowing down. There is slide in manufacturing and industrial production, free fall in exports for the past 13 months, thousands of job loss in the export manufacturing sector, sharp decline in domestic investment and escalation of debt to GDP ratio, he said.

Striking a similar note, another party leader Manish Tewari said “in the past 20 months, the only one thing that has outmatched the arrogance of the NDA-BJP government is its singular ignorance about governance”.

Only last week, the main opposition party had accused the Prime Minister of steering the economy “into a crisis” when sensex had crashed 807 points to drop below 23,000-mark, its lowest level in 21 months, on concerns over global economy and mounting bad loans as also weak quarterly earnings of state-run banks.

The AICC has also cast doubts over official projections that GDP would grow at 7.6 per cent during the current fiscal and has alleged that the Prime Minister was “encouraging financial jugglery”.

“With there being low production and capital utilisation in many sectors, we have to wonder the veracity of this (official economic) data. India was always known for having credible statistics prior to the arrival of Modi government.

(With agency inputs).