UP CM blames Mughals & British for Indian economy's past decline

Slamming the Mughal invasion and the subsequent British invasion of India, Uttar Pradesh CM Yogi Adityanath, on Friday, said that they were responsible for India's diminished economy, while addressing the World Hindu Economic Forum in Mumbai. He stated that prior to the Mughals, India constituted 1/3 rd of the World economy. He added that prior to the Britishers the contribution was 20%. He condemned the Britishers stating that after British Raj, India was reduced to a mere 4%.

'Mughals reduced Indian economy'

"Prior to the Mughal invasion, we contributed to more than 1/3 of the world economy. Our contribution was soaring higher than 36%. After the Mughal rule, before the British invasion, that contribution reduced to 20%. Those who believe that the Britishers were great, (should know) that the British brought it down mere 4%," he said at the event.

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'No knowledge of anything'

Reacting to this absurd claim of the UP CM, AIMIM chief Asaduddin Owaisi, on Saturday has slammed Adityanath's statement as baseless, according to ANI. He said that Adityanath has proved that he had no knowledge (of history) and should consult an expert. He added that Adityanath was lucky to be the UP CM. Slamming the BJP government for the current economic slowdown, Owaisi has questioned about the steps the Centre has taken to recover the GDP. 

"He has proved that he has no knowledge of anything, he should ask an expert. He's lucky to be CM of UP. My only point is what has BJP done in 6yrs? What about unemployment, layoff, 5%GDP ?," he said to ANI.

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Economy will pick up in second half of fiscal year: FM

Earlier on Thursday, Finance Minister Nirmala Sitharaman had hoped the economy will start looking up in the second half of the current financial year as consumption rises and banks increase their lending operations, according to PTI. She also met with private-sector lenders and financial institutions who have stated that they are not facing a liquidity crisis. Financial Services Secretary Rajiv Kumar said public sector banks will hold outreach programme in 400 districts across the country during the festival season with a view to enhancing credit disbursal. Private sector banks have also been invited to join the outreach program.

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