After Congress party, the Left too had taken on the NDA government’s economic policies. The target is Union government working overtime to attract foreign investment and what is tagged as “humongous” tax concessions to corporate houses.
Criticising the BJP-led NDA government, CPI (M)’s newly anointed General Secretary Sitaram Yechury said it will not work because it will not create productive capacity and there is no purchasing power with the people.
According to Yechury, the policies of the Central government have given the opportunity to opposition parties to get together because it has failed to fulfill the people’s aspirations the BJP had generated during the Lok Sabha election campaign.
“It (policies) cannot work. You are giving concessions to attract more foreign investments. You are also giving concessions to Indian corporate sector to invest more. The logic given by the government is that greater investments will create new job opportunities and thereby greater economic growth. But there is a serious flaw in this argument, why this can’t work,” he told in an interview.
He also took on the government on its ‘Make in India’ slogan, saying “the slogan should be ‘Make for India’, that is by India and for India”.
“If they produce goods, these need to be sold. But where will you sell them? There is global stagnation; our exports have declined by 26 per cent last year. You can’t sell these goods abroad; you can’t sell them in India because the people’s purchasing power is declining as a result of these policies and growing unemployment”, Yechury said.
Yechury’s direct attack on the BJP government came a day after he spoke of the need to forge a front with Congress in Parliament on issues like land bill and secularism.
“Inside Parliament, we have said we will unite on all these issues (like land bill), issue to issue which we think are not in the interests of the country and the people,” Yechury had told in an interview.
Further, the Left leader has acknowledged that the coming assembly elections in Bihar would be a litmus test for anti-BJP forces and would wait and watch how the merger of Janata Parivar evolves in deciding their strategy.
Sitaram Yechury and his party CPI(M) had even joined Sonia Gandhi-led protest to Rashtrapati Bhavan opposing the Central government over the Ordinance on land acquisition bill.