Turning India into majoritarian nation 'crippled' economy: Congress

In a scathing attack on government, Congress on Tuesday said condition of ecomy is a "man-me trdy" and "project" to turn India into a majoritarian nation has "completely crippled" its ecomic development. Congress spokesperson Manish Tewari also said slowdown has a humanitarian side to it as manifested in death due to heart attack of an account holder in Punjab & Maharashtra Cooperative (PMC) Bank and allege suicide of Cafe Coffee Day founder V G Siddhartha.

He also cited a critical analysis of government's policies by Parakala Prabhakar, a ted political ecomist and husband of Finance Minister Nirmala Sitharaman, to claim that ecomy is in "grave danger". Prabhakar, in an article in Hindu, said re is anxiety all over about ecomic slowdown in country.

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"While government is still in denial mode, data flowing uninterruptedly into public domain show that sector after sector is staring at a seriously challenging situation," Prabhakar said in his op-ed.

He stated that private consumption has contracted, GDP growth is at a six-year low and unemployment is at a 45-year-high. government, however, is yet to show signs that it has come to grips with what ails ecomy, Prabhakar claimed. Tewari attacked government, saying that condition of ecomy is a "man-me trdy".

" NDA-BJP government has manufactured current ecomic crisis through its inaction and through policies which it has pursued over past five years," he told a press conference.

He also alleged that fundamentals of Indian ecomy are in difficulty. "Be it savings, expenditure, credit off take and investment. wheels of ecomy have stopped rotating," he said. "Social discord and ecomic development cant go hand in hand. This project to turn India into a majoritarian nation has completely and absolutely crippled Indian ecomy," Tewari said.

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Highlighting PMC Bank scam and State Bank of India's reported loan write off worth 76,000 crore, he said confidence of people in banking sector is completely shaken. Tewari also said that bel Prize winner Indian-origin ecomist Abhijit Banerjee, along with or ecomists, h written a letter in which y accused government of fudging ecomic figures. Former finance minister late Arun Jaitley h described those who h written letter as "compulsive contrarians", but world has considered him to fit to be given a bel, he said.

"Our apprehension is that we will t be able to come out if this crisis as government has clue about it," he said.

Tewari also slammed government over judicial custody of former finance minister P Chidambaram in INX media case, claiming that he is being held captive in a false case.

"He h given a dream budget. We are t saying this, but former RBI Goverr Raghuram Rajan h said this," he said.

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