Modi government dismantled India's economy: Congress


New Delhi, May 18 (IANS): The Congress on Friday said that the Modi government will be shown the "exit door" by the people of India on account of an atmosphere of "fear, despair, division and economic devastation" and alleged that it had "dismantled" India's economy in five years.

Congress leader Randeep Singh Surjewala said that the year-on-year growth of national income has plunged from 14 per cent in 2005-06 to 11.6 per cent in 2018-19.

He said that the per capita income increased during the UPA government by a whopping 233 per cent (2004-14) and it has slowed down to 40.5 per cent during the Modi government.

"The average GDP growth during UPA years was 8.1 per cent and has fallen to 7 per cent in last five years. The average agriculture growth rate during UPA was 4.2 per cent and has fallen to just 2.9 per cent. The average industrial growth rate during UPA was 8.55 per cent during UPA government and has fallen to just 4.45 per cent now," he said.

Surjewala said that the average manufacturing growth rate during Congress-led UPA was 3.5 per cent and it has now fallen to 1.8 per cent.

The unemployment rate, he said, has climbed to an unprecedented 45-year high from 2.2 per cent (2011-12 as per NSSO) to 6.1 per cent.

He said the percentage increase in exports has come down, year-on-year average wage rate growth has fallen and average electricity consumption has dropped.

The Congress leader said there has been a fall in average cement and steel production growth besides growth in mining activity and tourism.

Surjewala said growth in bank credit, FDI, rail and road freight movement, production of motor vehicles, sales growth of textiles, gems and jewellery, leather, and rubber had fallen.

"The average growth of stock market during UPA was 15.5 per cent and has now fallen

to just 7.7 per cent," he said.

Surjewala said that the task before the next government is to reinvent "the wheel of India's prosperity and social cohesion."

  

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Comment on this article

  • Arthur, Mangalore

    Sun, May 19 2019

    Surjewala is wasting his time trying to convince blind Modi bakhts with facts and arguments.

    DisAgree Agree Reply Report Abuse

  • kp, udupi

    Sat, May 18 2019

    modi govt dismantled congress and will continue..

    DisAgree [7] Agree [4] Reply Report Abuse

  • Mayur, Sastan

    Sat, May 18 2019

    Dear Congress Leader,Just sit and think,why people give you only 44 seats in last parliament election
    Do you think this time will you cross 44...............................................?

    DisAgree [9] Agree [6] Reply Report Abuse

  • Chandu, Karla

    Sat, May 18 2019

    It's the congress to be blamed and not Modi. Congress is the one who provided all the tools and required support to do the job due its years of corrupt and scam filled governance.

    DisAgree [9] Agree [4] Reply Report Abuse

  • David Pais, Mangalore

    Sat, May 18 2019

    do some home work & comment about upa & congress how dey developed india 4 u & me. & da 1nly development of chor chowkidar was blaming congress by damagerdaas raadendra murder of democracy in destroying economy of india. nothing else.

    DisAgree [5] Agree [12] Reply Report Abuse

  • kp, udupi

    Sat, May 18 2019

    upa ruled this country for 10 years with scams and they have to sit at least 10 years in opposition
    and it will be done may 23

    DisAgree [2] Agree [5] Reply Report Abuse

  • David Pais, Mangalore

    Sat, May 18 2019

    damagerdaas raadarendra modi da cloud scientist destroyed india's economy

    DisAgree [3] Agree [11] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangaluru

    Sat, May 18 2019

    Except tall promises of Modi ,nothing he has done to the nation.

    DisAgree [4] Agree [8] Reply Report Abuse

  • anthony, Mangalore

    Sat, May 18 2019

    No Govt in Independent India has caused such all round damage to our country like the Modi Sarkar, It wiil be good riddance to bad rubbish.

    DisAgree [3] Agree [7] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Sat, May 18 2019

    PM Modi is ‘King of Advertisement, Villain of Development and economy

    DisAgree [2] Agree [10] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, May 18 2019

    These Idiot's don't know the spelling of Economy ...

    DisAgree [2] Agree [12] Reply Report Abuse


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