UPA has put economy a ’leap’ backward: Rajnath | india | Hindustan Times
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UPA has put economy a ’leap’ backward: Rajnath

The BJP charges Congress-led UPA government with taking country’s economy a “leap backward” and pushing it into a state of “continuous recession.”

india Updated: Feb 21, 2009 20:47 IST

The BJP on Saturday charged Congress-led UPA Government with taking country’s economy a “leap backward” and pushing the economy into a state of “continuous recession.”

“The only achievement of the UPA has been to take the domestic economy a leap backward. The Indian economy today is in dire straits and facing an unprecedented crisis. The latest Industrial production data of negative growth suggests that India under Congress rule has slipped well into a state of protracted recession,” BJP chief Rajnath Singh said.

Singh, addressing a seminar organised by the investors cell of the party, said the anti-investor face of the UPA Government has been thoroughly exposed in the past five years.

“The debacle of Satyam Computers has thrown up many questions which need to be promptly answered. The Satyam episode has not only highlighted the issue of corporate governance in India but also exposed the vulnerability of small retail investors in India,” he said.

The UPA Government has rejected the demand for a joint parliamentary probe because a detailed JPC probe into this scam could expose a “bigger fraud”, he added.

“The investors have an opportunity at their hands as the Lok Sabha elections will be held within three months. By voting out the UPA Government the investors can bring the NDA into power which would ensure an investor-friendly environment in the country,” he said.