On Monday, CPI (M) General Secretary Sitaram Yechury alleged that center-ruling Modi government is focused on waiving loans of its companion and assisting their escape from the country even as income of farmers has tremendously gone down.
Expressing concerns over the report of media on India’s rural distress, Mr. Yechury is a Twitter post said that currently, farmers are earning less than what they were earning before.
Mr. Yechury tweets, “GDP deflator for agriculture is negative for the first time in many years which means that farmers are earning less than what they were before. But Modi govt is focused on waiving off unpaid loans of cronies and abetting escape of looters.” He also accused that the Modi government has hurt the sanctity of the country’s data.
“The Modi govt has not only destroyed India’s economy with its Jumlanomics, but it has also hurt the credibility of India’s data. We demand that this fraudulent data be withdrawn,” added the CPI (M) General Secretary.
In July-September, India’s economy has increased at 7.1 percent, which is the lowest in three quarters.