Punjab Cong warns against economic bankruptcy | chandigarh | Hindustan Times
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Punjab Cong warns against economic bankruptcy

Warning against economic bankruptcy, Punjab Congress today said that its concern over the looming economic crisis in the state was vindicated in the latest economic survey carried out by the economist Swaminathan S Anklesaria Aiyar. The party exhorted upon the state government to read the writing on the war and take serious measures lest the state goes bankrupt.

chandigarh Updated: Jan 31, 2013 21:28 IST
HT Correspondent

Warning against economic bankruptcy, Punjab Congress Thursday said that its concern over the looming economic crisis in the state was vindicated in the latest economic survey carried out by the economist Swaminathan S Anklesaria Aiyar. The party exhorted upon the state government to read the writing on the war and take serious measures lest the state goes bankrupt.


Referring to the survey report, Punjab Congress general secretary and Dhuri MLA Arvind Khanna pointed out that Punjab had gone down by six places in the past six years of Akali rule and there did not appear to be any hope of economic retrieval and recovery.

He said the survey had painted a grim picture of the Punjab’s economy which had slid down from the sixth place in 2006 during the Congress government to 12th place during the Akali regime.

Khanna said, Punjab Congress has been consistently and continuously raising the concern and drawing the attention of the government towards the grim economic scenario in the state. "Given the rate of economic slide the Akalis have presided over we should be prepared for Punjab sliding down to sixteenth place in the next four years", he said, while warning against bankruptcy in Punjab.

The Congress general secretary debunked the claims of Punjab getting power surplus in near future as the economic survey has noted that the lack of investment was primarily because of power deficiency in the state.