On Wednesday, Congress leader Rahul Gandhi and sister Priyanka Gandhi Vadra mocked at Prime Minister Narendra Modi for his mega event in the United States that will be attended by US President Donald Trump. Rahul and Priyanka said all the spectacle in the world was not enough to cover up the economic crisis at home.
On Sunday, the event will be held in Texas during PM Modi’s visit to the United States. The event is titled “Howdy, Modi” which is set to be PM Modi’s big address to the Indian community in Texas.
Congress leader Mr. Gandhi taking the name of the event, took a dig at the Prime Minister. He raised the issue of the economy and said it did not seem to be in good shape. He referred to a report that says worth $45 billion have been sold by international investors since June because of eroding confidence in the economy.
Priyanka Gandhi Vadra also condemned the Modi government saying the confidence of investors is “shaken” but the Modi government is refusing to acknowledge the truth. Criticizing a link to the same report, Priyanka made a tweet in Hindi, “India’s economy cannot be fixed with razzle-dazzle, saying ‘5 trillion, 5 trillion’ every day or by doing media and headline management. Investors do not come by sponsoring events abroad.”
The government has maintained to keep their brave amid the flagging indicators. However, Congress has kept its offensive against the Modi government over the slowdown.
The Bloomberg report cited by the Congress leaders said, “The country’s economic growth has decelerated for five straight quarters to the weakest level since early 2013, one year before Narendra Modi became prime minister. And the 5 percent headline number for the second quarter may actually understate how painful the slowdown has become. Car sales are sinking at the fastest pace on record, capital investment has plunged, the unemployment rate has surged to a 45-year-high and the nation’s banking system is hamstrung by the world’s worst bad-loan ratio. Monday’s oil-price spike adds yet another headwind for a country that imports most of its crude.”