Former Prime Minister Dr Manmohan Singh has said that the ‘state of economy is deeply worrying’.
“Last quarter GDP growth rate of 5 per cent signals that we are in midst of prolonged slowdown. India has potential to grow at a much faster rate but all round mismanagement by Modi government has resulted in this slowdown,” Dr Singh said.
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“It is particularly distressing that the manufacturing sector’s growth is tottering at 0.6 per cent. This makes it very clear that our economy has not yet recovered from the man-made blunders of demonetisation and a hastily implemented GST,” he said.
“I urge the government to put aside vendetta politics, and reach out to all sane voices to steer economy out of this man-made crisis,” he said.
Dr Singh said that Modi government’s policies are resulting in ‘massive job-less growth’.
