No One Has Faith In The BJP Government’s Economic Policies, Says Congress

The Congress on Thursday targeted the government on the slowdown in the economy and said its economic policies are such that no one trusted them.

Congress general secretary Priyanka Gandhi Vadra said Indians do not wish to keep their money in the country or invest in their businesses and investment is not coming from abroad either.

“Indians do not want to keep their money in the country and invest in businesses. Investment is not coming into the country. What kind of economic policies is the Bharatiya Janata Party government coming out with that no one has faith in them,” she said in a tweet in Hindi.

भारतीय लोग अपना पैसा देश में रखना नहीं चाहते, व्यवसायों में निवेश नहीं करना चाहते। बाहर से निवेश आ नहीं रहा।

भाजपा सरकार की ये कौन सी आर्थिक नीतियाँ हैं जिस पर से सबका भरोसा उठ चुका है?https://t.co/AYHEqkCKBg

September 19, 2019

Senior Congress leader Jairam Ramesh also took a swipe at the government, saying fast-moving consumer goods should now be renamed as slow-moving consumer goods, keeping in view the growth rate witnessed by them.

“Why continue to call them FMCG (fast-moving consumer goods)? Better that they are renamed as SMCG - Slow Moving Consumer Goods,” Ramesh said, while tagging a media report that quotes a Swiss investment bank and financial services company saying “Worst FMCG show likely in 15 years”.

Another Congress leader, Kapil Sibal took a dig at the government, saying “howdy economy, rowdy polity”, while highlighting the slowdown in growth and giving statistics.

Howdy Economy
Rowdy polity

Direct Taxes growth :

Budget Target (2019-2020) : 17.3%
Half-year collections 5%
Need to grow 27% to meet target for year

Advance tax growth this fiscal slowest in 4 years

Credit Suisse : FMCG stares at worst slump in 15 years

September 19, 2019

The Congress has been attacking the government on the slowdown in the economy that saw the gross domestic product growth for the June quarter drop to its lowest of 5 percent in over six years.

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