Nirmala Sitharaman said that inflation is under control and there is a clear sign of revival of industrial production. The finance minister also said that inflation in the range of 2.5 to 4% is considered safe and it has been held under 4%. Senior Congress leader Anand Sharma said BJP and its ministers lack vision to revive the economy.
New Delhi: The Congress on Saturday (September 14) termed finance minister Nirmala Sitharaman's comments on inflation as "shocking" and accused the BJP-led government of lacking a "vision" to put the country's economy back on track.
"The finance minister just concluded a press conference. It was disappointing. Looking at India's economic situation, it was expected that the government will take steps to revive the economy, increase investments, create jobs and address issue of exports," senior Congress leader Anand Sharma told reporters at a press conference here.
"It is shocking to know that the finance minister said that inflation is under control. No finance minister before this has made such an insulting remark. She did not announce any measures to address the current economic situation. The BJP and its ministers lack vision to revive the economy," he said.
Earlier in the day, Nirmala Sitharaman said that inflation is under control and there is a clear sign of revival of industrial production. The finance minister also said that inflation in the range of 2.5 to 4% is considered safe and it has been held under 4%.
Sharma, who served as commerce minister in the Manmohan Singh-led regime, said that BJP ministers' shocking statements "insulted" the youth of the country.
"If anyone has understood what the finance minister has said, please make me understand what she said," he said in a jibe at Sitharaman.
Continuing his tirade against Nirmala Sitharaman, Sharma said that the finance minister did not apologise for her 'millennials are responsible for the economic slowdown' statement so far and asserted that it showed the "arrogance" of the BJP-led government.
"Unemployment is rising, many industries are facing losses and closing down. The GDP growth has slowed down to 5%. The finance minister and others are not able to understand the issues facing our economy. Unless the government invests, reviving the economy seems difficult," Sharma remarked.
He said that the government's vision of achieving a $5 trillion economy seemed like a "distant dream".
"They talk of achieving USD 5 trillion economy. Former Prime Minister Manmohan Singh said if we have to achieve the figure, our nominal growth should be 12 per cent and real GDP should be 9 per cent. Forget about this term, I don't think that this can happen in the coming few years," Sharma said. (ANI)
Read Exclusive COVID-19 Coronavirus News updates, at MyNation.