BJP blames UPA policies for poor economic growth

Accusing the government of flip-flops, indecision and mis-governance, the BJP today said its policy paralysis and corruption have affected the country’s growth rate and left its economy in a mess.

Slamming the government for its “failure” to control price rise and inflation, it also demanded an “immediate” roll back of hike in all administrative prices of diesel, gas, petrol, rail and other services “as the common man is reeling under unprecedented economic burden.”

Targeting the government on the issue of corruption, it said, the VVIP helicopter scam and the Farm Loan Waiver scam are the latest additions in this government’s “unending list of corruption.”

“It is fascinating to note that Italy, which was to benefit from the helicopter deal, went after the bribe givers immediately when they got the wind of corruption, while India, the sufferer of this scam is not ready to trace the bribe takers. Mystery still shrouds over the mention of the recipients as ‘the family’,” the BJP Economic Resolution passed at its National Council meeting here said.

It said while the government has ordered a CBI probe, it is not ready to have it monitored by the court.

“It has neither registered FIR nor issued Letters Rogatory (LR). It is offering JPC knowing full well that it cannot investigate and come to conclusion. This fuels speculation that the government is more interested in ensuring a white wash to protect the bribe receivers rather than unearth the truth and punish the guilty,” it said.

It said the biggest failure of the UPA government is its inability to tame inflation and bring down the prices.

Goa Chief Minister Manohar Parrikar, while seconding the Economic Resolution, said India will scrap FDI in multi-brand retail policy when BJP-led NDA comes to power.

“Unfortunately, inflation is not the result of any natural disaster but is purely a gift of this government. Bad food stock management and distribution anomalies triggered the inflationary pressure in the first place,” the resolution said.

When the country is required to stock only 30 million tonne of food grains in the godowns, the UPA has stocked a huge quantity of more than 70 million tonne of food grains thereby creating shortages in the market and fuelling prices, the opposition party said.

Drawing comparison of the economic situation of the country between now and the NDA government headed by Atal Bihari Vajpayee, the resolution maintained that the BJP-led government inherited a lowly growth rate of 4% in 1998, but due to its commitment to make India an economic superpower, it had put the economy on a fast growth trajectory.

“As a result of the visionary leadership of Shri Atal Bihari Vajpayee, India for the first time in decades witnessed 8.25% growth rate in 2004 when the BJP led NDA government demitted office.”

It said the NDA government had put in place the historic economic legislation – the Fiscal Responsibility and Budgetary Management (FRBM) Act which sought to rein in the fiscal deficit below 3%.

“Ironically, under the Congress leadership, it is the central government that has shown scant commitment towards this resolve while the state governments are instead broadly adhering to the FRBM targets which is reflected in their financial numbers,” the resolution said.

It alleged that inflation and corruption have become the “hallmarks” of the UPA government.

“The country also has to suffer the ignominy of experiencing economic downslide under the leadership of an economist Prime Minister under whom every economic macro-parameter has steadily declined…The BJP holds the Congress led UPA government guilty of non performance, policy paralysis and lack of direction,” the resolution said.

-PTI

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