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UPA's economic bubble has literally burst: BJP

india Updated: Jan 27, 2009 13:00 IST
UPA's economic bubble has literally burst: BJP

Claiming that the "so called economic bubble of the UPA Government has literally burst", BJP on Tuesday said all economic indicators have "dramatically" slowed down under "a paralysed and directionless" regime headed by the Congress.

India on Tuesday appeared to be on the brink of what might be a protracted recession, BJP President Rajnath Singh told a press conference in Banglore.

"Be it the share market, high growth rate, booming economic activity in the manufacturing, services or agricultural sectors, all economic indicators have dramatically slowed down, begun to show declining trends and painting a gloomy picture of our economy," he said.

Singh claimed that the country on Tuesday was going through this "difficult phase" due to a "paralysed and directionless" Congress-led UPA government at the Centre.

He alleged the "pathetic performance" of the coalition has created an "unprecedented situation of chaos in critical areas of governance".

"Be it the continuous acts of foreign sponsored terrorism and a vitiated atmosphere of internal security, economic down slide, problems in agricultural sector and farmers suicides, rising unemployment, especially in the unorganised sector, the Congress-led UPA government lacked in both ideas and initiative to find solutions to any problem", he claimed.

The BJP, Singh said, was confident that the people of the country would completely reject the "directionless" UPA government and elect "a responsive" NDA government in the coming Lok Sabha elections.