Sexual harassment complaints: 2 FIRs registered against Wrestling Federation of India chief, 1 of them under Pocso
Coronavirus situation under control in Delhi, not terrible, says Kejriwal
Maruti reports 54% YoY decline in sales in June; sells less than 40% of pre-coronavirus level
Government Bans 59 Chinese Apps Including Tik-Tok, Shareit, UC Browser, and WeChat
PM Modi to address the nation at 4 pm: What to expect
Maharashtra Extends Lockdown Till July 31 Day After Urging Caution
Coronavirus Vaccine Update
Swarms Of Desert Locusts Reach Delhi Outskirts After Gurugram
Delhi fighting difficult battle against COVID-19, will emerge victorious: Kejriwal
2-Week Lockdown In Guwahati From Monday; Minister Says "Shop By Sunday"
YouTube likely to come up with TikTok-like short video platform
Rs 2,000 crore from PM CARES Fund to be spent on 50,0000 ventilators for COVID-19 patients
Baba Ramdev's Patanjali launches India's 'first Ayurvedic' medicine for coronavirus, Coronil
Coronavirus: Glenmark conducts Fabiflu trial on 1,000 patients; to compete with Gilead's Remdesivir
Jio's golden touch makes Reliance Industries share rise 108% in 3 months
Coronavirus vaccine: When will it be ready? Moderna, AstraZeneca offer answers
Chennai lockdown starts today: Check what is allowed, not allowed
Coronavirus vaccine: Singapore scientists discover 5 antibodies that can combat COVID-19
India-China tension: Indian Army releases list of 20 martyrs; wreath ceremony begins in Leh
Tamil Nadu announces 'maximised restricted lockdown' from June 19 in Chennai, 3 other districts

Latest Posts

Manmohan Singh calls $5 trillion economy target 'wishful thinking'

business news india

Former prime minister Manmohan Singh has said Modi government doesn't acknowledge the word "slowdown" and warned of real dangers if corrective action will not be taken on time.

"...we have today a government that does not acknowledge that there is such a word as slowdown. I think this is not good for our country," Singh, while addressing a gathering at the launch of Montek Singh Ahluwalia's book 'Backstage: The Story behind India's High Growth Years', said. He also cited the former Planning Commission's observations to state that achieving the $5 trillion economy by 2024-25 was just "wishful thinking".

He said the current dispensation at the Centre didn't recognise the real dangers to the economy. "If you do not recognise the problems that you face, you are not likely to find credible answers to take corrective action. That is the real danger," Singh said.

Talking about Ahluwalia's book, Singh said just like achieving $5 trillion economies by 2024 was "wishful thinking", one could also not believe on the government's claim of doubling farmers' income. "Montek has also pointed out that contrary to what the ruling group may say, today the USD 5 trillion economy by 2024-25 is wishful thinking. Also, there is no reason to expect that farmers' income will be doubled in a three-year period," he said.

He said there's a need for bold and new reform measures. "I do believe that there is a need for re-thinking of the reform process fresh. The second generation of reforms requires new pathways and these new pathways can emerge only with a solid discussion of the alternatives," Singh said.

Singh, who has been a staunch critic of the Modi government, in November said the state of Indian economy was in quite a bad shape. He added a sharp dip from 5 per cent in the first quarter to 4.5 per cent in the second was worrisome.

×

Alert Message

Ok
Please Wait...

Share the Opinion Poll with your Friends At

Ok

Share the Survey with your
Friends At

Ok
×

Statistics

Ok
No
×

Statistics

Ok